NEC Corp (6701.T)
24 May 2017
BRIEF-NEC Corp to build new factory in Thailand to consolidate operations from 2 nearby plants - Nikkei
* NEC Corp will build a new factory in central Thailand to consolidate operations from two nearby plants - Nikkei
* Says it received cease-and-desist order and surcharge order from Japan Fair Trade Commission on Feb. 15, due to violation of antimonopoly law
TOKYO, Jan 31 NEC Corp shares tumbled as much as 18.5 percent to 258 yen on Tuesday after the Japanese maker of communications equipment slashed its profit outlook for the year ending March 31 as delays to projects squeeze revenue.
* Says 34.1 million shares in Japan Aviation Electronics Industry were offered in takeover bid from Nov. 29, 2016 to Jan. 17, 2017, and co will buy 10 million shares proportionally as planed
* Says co is offering a takeover bid for up to 10 million shares (represents 10.97 percent stake) in Japan Aviation Electronics Industry Ltd at 1,920 yen per share