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NGK Spark Plug Co Ltd (5334.T)

5334.T on Tokyo Stock Exchange

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Tue, Jan 24 2017

BRIEF-R&I affirms NGK SPARK PLUG Co Ltd's rating at "A+" and announces stable outlook -R&I

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

BRIEF-NGK Spark Plug to be fine about 72 mln yen by Korea Fair Trade Commission

* Says Korea Fair Trade Commission ("KFTC") announced its decision to impose remedies and fines of 741 million Korean Won (about 72 million yen) against the co for agreeing in advance on prices and successful bidders in bids for automotive oxygen sensors

BRIEF-Ngk Spark Plug plans merger of ceramic unit

* Says it plans to merge with its wholly owned Gifu-based ceramic unit, effective on Jan. 1, 2017

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