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JVC KENWOOD Corporation Acquires and to Acquire Shares of Shinwa International Holdings Limited


Monday, 23 Apr 2012 12:00am EDT 

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. 

Company Quote

239.0
-2.0 -0.83%
18 Jun 2013