Rinnai Corp (5947.T)

5947.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

RINNAI completes raising stake in GASTAR Co.,Ltd.
Friday, 1 Apr 2016 

RINNAI CORP:Completed raising stake in GASTAR Co.,Ltd. to 90.0 pct from 44.1 pct.  Full Article

RINNAI to acquire shares of GASTAR
Monday, 15 Feb 2016 

RINNAI CORP:To acquire shares of GASTAR Co.,Ltd. (11.1 pct stake owned) from Tokyo Gas and LIXIL, and to hold 451,800 shares in GASTAR up from 133,000 shares.Says will acquire 92,000 shares of GASTAR from LIXIL on March 25 for 1,876 mln yen and to acquire 226,800 shares of GASTAR from Tokyo Gas on April 1 for 4,626 mln yen.Says after this acquisition and GASTAR's share buyback (from Feb. 15 to April 30), the company expected to hold 90 pct voting rights in GASTAR.  Full Article

BRIEF- Rinnai to retire treasury shares

* Says it will repurchase up to 600,000 shares, representing 1.2 percent of outstanding, through ToSTNeT-3, on Aug. 8