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BRIEF-Jalco Holdings says business and capital alliance with real estate firm
September 27, 2017 / 6:48 AM / in 20 days

BRIEF-Jalco Holdings says business and capital alliance with real estate firm

Sept 27 (Reuters) - Jalco Holdings Inc

* Says co plans to form business and capital alliance with a Tokyo-based real estate firm

* Through business alliance, two entities will cooperate on real estate and loans business

* Through capital alliance, the Tokyo-based firm will acquire 5 million shares (9.8 percent stake) of the co, at the price of 105 yen per share (525 million yen in total)

* Through capital alliance, co’s unit JALCO Co.,Ltd will take out loan of up to 3.5 billion yen from the Tokyo-based firm to fund real estate related investment, with interest rate of 3 percent

Source text in Japanese: goo.gl/gnFm9c

Further company coverage: (Beijing Headline News)

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