December 19, 2017 / 8:52 AM / a month ago

BRIEF-Ai Holdings plans business and capital alliance with WICKS

Dec 19 (Reuters) - Ai Holdings Corp :

* Says it plans to form a business and capital alliance with WICKS Co Ltd which is mainly engaged in telecommunications business

* Co will buy 30,000 shares in WICKS, via private placement plan offered by it on Dec. 20, for 30 million yen, raising stake to 47.4 percent

* Co will indirectly own totaling 57.7 percent stake in WICKS after acquisition of shares in IP Dream

Source text in Japanese: goo.gl/F2EFFJ

Further company coverage: (Beijing Headline News)

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