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SENKO Co Ltd Announces Business and Capital Alliances with AST CORPORATION

Friday, 20 Sep 2013 02:00am EDT 

SENKO Co Ltd announced that it has decided to form business and capital alliances with AST CORPORATION. Through the business alliance, the Company will provide delivery services through mass merchandise and retail logistics networks of AST and AST will construct logistics system and expand mass merchandise and retail business with help from the Company. Through the capital alliance, the Company will acquire 196,555 shares (a 52.1% stake) and three Class A shares in AST from an Osaka-based company for JPY 3,548 million in total, in late October 2013. As a result, the Company will hold a 52.1% stake in AST. 

Company Quote

4.0 +0.81%
10:10pm EDT