February 14, 2018 / 8:18 AM / 8 days ago

BRIEF-LAC to acquire stake in Asian Link for 740 mln yen

Feb 14 (Reuters) - LAC Co Ltd

* Says it will acquire 100 percent stake in Asian Link Co Ltd for 740 million yen, effective April 2

* Says it will issue 187,060 shares via private placement, at the price of 1,283 yen per share, and raise 240 million yen in total, and payment date on April 2

* The proceeds will be used for the stake acquisition

Source text in Japanese:goo.gl/8xNbR2

Further company coverage: (Beijing Headline News)

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