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Nippon Yakin kogyo Co Ltd to sell stake in subsidiary

Friday, 7 Mar 2014 01:00am EST 

Nippon Yakin kogyo Co Ltd:To sell its holding 100 pct stake (4,000 shares) in its Tokyo-based subsidiary, NASTOA WELDING TECHNOLOGIES CO.,LTD., which engages in manufacturing and sale of electric welder, to a wholly owned subsidiary of DENGENSHA MFG. CO., LTD.Selling price is 1,205 million yen in total.Transaction to be conducted on March 24. 

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