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JVC KENWOOD Corporation Acquires and to Acquire Shares of Shinwa International Holdings Limited
JVC KENWOOD Corporation announced that it has acquired a 45% stake (12,090,910 shares) of Shinwa International Holdings Limited from CITIC Capital Japan fund, for USD 45.5 million, on April 20, 2012. In addition, the Company will eventually acquire another 31% stake of Shinwa International Holdings Limited from an individual and make Shinwa International Holdings Limited a 76%-owned subsidiary, within three years since April 20, 2012.
Latest Developments for JVC Kenwood Corp
- JVC Kenwood Corp Completes Acquisition of Shares of Shinwa International Holdings Limited
- JVC Kenwood Corp to Acquire Shares of Shinwa International Holdings Limited; Amends Consolidated Full-year Outlook for FY 2014
- JVC Kenwood Corp Lowers Full-year Consolidated Outlook and Reaffirms Year-end Dividend Forecast for FY 2013
- Totoku Electric Co Ltd to Sell Information Equipment Business and Subsidiary to JVC KENWOOD Corporation
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