Edition:
India

Starzen signs business and capital alliance with Mitsui Co Ltd


Thursday, 12 May 2016 

Starzen Co Ltd <8043.T> : Says it has formed a business and capital alliance with Mitsui Co Ltd <8031.T> . Says through the business alliance, the two companies will work together on the overseas business expansion and development . Says through the capital alliance, Starzen will sell 1,333,300 shares to Mitsui, at the price of 3,191 yen per share, or 4,254,560,300 yen in all, through private placement . Says Mitsui will become the top share holder of Starzen, with 15,549 voting rights (16.69 percent), up from 2,216 voting rights (2.78 percent) .Effective date May 31. 

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