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Funai Electric Co Ltd (6839.T)

6839.T on Tokyo Stock Exchange

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Mon, May 23 2016

BRIEF-FUNAI ELECTRIC's president and chairman change

* Says it appoints Tetsuhiro Maeda as new president to replace Tomonori Hayashi

Court orders Japan's Funai to pay Philips 135 mln euros over failed 2013 deal

AMSTERDAM Philips said on Tuesday an arbitration court had ordered Japan's Funai Electric to pay it 135 million euros ($152 million) over the 2013 collapse of a deal for the Japanese firm to buy a business from the Dutch company.

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