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BRIEF-Shinwa Art Auction unit to own 99.9 pct stake in Shinwa Apec Malaysia SDN BHD via private placement
April 17, 2017 / 6:41 AM / 7 months ago

BRIEF-Shinwa Art Auction unit to own 99.9 pct stake in Shinwa Apec Malaysia SDN BHD via private placement

April 17 (Reuters) - Shinwa Art Auction Co Ltd :

* Says its Tokyo-based unit plans to acquire 99.9 percent stake of shares in a Malaysia-based firm SHINWA APEC MALAYSIA SDN.BHD. via shares private placement plan, at 999,999 ringgit

* Says stake transfer is expected to be accomplished in mid-April

Source text in Japanese: goo.gl/46ytPf

Further company coverage: (Beijing Headline News)

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