Daido Metal Co Ltd (7245.T)

7245.T on Tokyo Stock Exchange

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Wed, Jan 10 2018

BRIEF-Daido Metal to set up unit in Thailand

* Says it plans to set up a 99.9 percent stake owned subsidiary, named as DM Casting Technolog (Thailand) Co Ld, with registered capital of 200 million baht, in January

BRIEF-Daido Metal signs basic agreement to acquire interest in NPR of Europe GmbH

* Says it signed a basic agreement with Nippon Piston Ring Co Ltd , to acquire a part of interest in Germany-based firm NPR of Europe GmbH, which is a wholly owned unit of Nippon Piston Ring Co Ltd

BRIEF-R&I affirms Daido Metal's rating at "BBB" and says stable outlook-R&I

* Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "BBB"-R&I

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