May 23, 2017 / 7:47 AM / 2 months ago

BRIEF-Yamano Holdings unit says business and capital alliance with RIZAP GROUP

1 Min Read

May 23 (Reuters) - Yamano Holdings Corp

* Says its unit Marushohotta Co Ltd signs a business and capital alliance agreement with RIZAP GROUP on May 23

* Says two entities will cooperate on overseas market development, EC business and new product development, sales system management

* Says its unit Marushohotta Co Ltd will issue 35 million shares at the price of 55 yen, for 1.93 billion yen in total, to RIZAP GROUP

* Payment date on June 28

* Says RIZAP GROUP will increase voting power in unit Marushohotta Co Ltd to 62.3 percent, from 0 percent

* Says its voting power in unit Marushohotta Co Ltd will be decreased to 19.8 percent, from 52.4 percent

Source text in Japanese:goo.gl/Jta3M3; goo.gl/ia86Fh

Further company coverage: (Beijing Headline News)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below