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BRIEF-Pro-Ship says business and capital alliance with NSD
October 30, 2017 / 5:25 AM / 21 days ago

BRIEF-Pro-Ship says business and capital alliance with NSD

Oct 30(Reuters) - Pro-Ship Inc

* Says it signed a business and capital alliance with NSD Co Ltd , to improve corporate value of the two companies

* Says NSD will acquire 21.3 percent stake in the company from the company’s current top shareholder and will become top shareholder of the company

* Transaction date on Nov. 7

* Says its current top shareholder will cut voting power to 16.3 percent from 37.6 percent and will become the second biggest shareholder of the company

* Effective Nov. 7

Source text in Japanese:goo.gl/KM8Lu5

Further company coverage: (Beijing Headline News)

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