NEC Corp (6701.T)
Latest Key Developments (Source: Significant Developments)
Aug 3(Reuters) - NEC Corp <6701.T>:Says it plans to transfer 100 percent stake in unit NEC Energy Devices, Ltd. to a group company of Envision.Says it and unit NEC Energy Devices will transfer entire 49 percent stake in Automotive Energy Supply Corporation to Nissan Motor Co Ltd <<<7201.T>>>.Transaction date on March 29, 2019.Says after the transaction, Nissan Motor will transfer all shares of Automotive Energy Supply Corporation to Envision. Full Article
Jan 12 (Reuters) - NEC Networks & System Integration Corp <1973.T>:Says it will set up a corporate venture capital(CVC) fund, with working capital of 500 million yen, to invest IoT and AI related venture business.Says the fund will start operation from February . Full Article
Jan 9 (Reuters) - NEC Corp <6701.T>::NEC ACQUIRES UK-BASED IT SERVICES COMPANY NORTHGATE PUBLIC SERVICES.NEC CORP - ANNOUNCED ACQUISITION OF UK-BASED IT SERVICES COMPANY NORTHGATE PUBLIC SERVICES LTD; NEC IS BUYING NPS FOR GBP 475 MILLION FROM CINVEN. Full Article
Dec 4 (Reuters) - NEC Corp <6701.T>:Says it plans to sell all shares of unit NEC Energy Devices, Ltd.,to GSR Capital, a private investment fund, with undisclosed price, effective March 30, 2018 . Full Article
NEC Corp <6701.T>: Says it received cease-and-desist order and surcharge order from Japan Fair Trade Commission on Feb. 15, due to violation of antimonopoly law . Says it was required to stop the misconducts .Says it was also required to pay surcharge of 240.65 million yen. Full Article
TOKYO Renesas Electronics Corp is considering buying U.S. chipmaker Integrated Device Technology Inc, the Japanese automotive chipmaker said on Friday, as it beefs up its business in chips for self-driving cars and seeks new growth areas.