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Shinko Wire Co Ltd (5660.T)

5660.T on Tokyo Stock Exchange

13 Dec 2017
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¥-26 (-1.59%)
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Latest Key Developments (Source: Significant Developments)

Kobe Steel says lawsuit regarding metal products price disputes in Canada
Friday, 8 Dec 2017 02:02am EST 

Dec 8 (Reuters) - Kobe Steel Ltd <5406.T>:Says four individuals filed lawsuit against the co, Shinko Metal Products Co Ltd, Shinko Aluminum Wire Co Ltd, Kobelco & Materials Copper Tube Co Ltd, Nippon Koshuha Steel Co Ltd <<<5476.T>>> and Shinko Wire Co Ltd <<<5660.T>>>'s wholly owned unit Shinko Wire Stainless Co Ltd, with Supreme Court of British Columbia and Ontario Superior Court of Justice, regarding metal products price disputes.Other details are not disclosed .  Full Article

Shinko Wire to merge with unit Tesac Wirerope
Thursday, 28 Sep 2017 02:46am EDT 

Sept 28 (Reuters) - Shinko Wire Co Ltd <5660.T>:Says it plans to merge with Osaka-based unit Tesac Wirerope Co., Ltd. on April 1, 2018, and unit will be dissolved after merger.Says it will distribute 6.7 million shares (666,710 shares after co's share consolidation on Oct. 1) of its treasury common stock and issue 435,180 new shares (43,518 shares after co's share consolidation on Oct. 1) to unit's another shareholder Kobe Steel Ltd <<<5406.T>>> in the merger.Says Kobe Steel will indirectly and directly hold 43.6 percent stake (25,695 voting power) in the co, up from 35.9 percent (18,592 voting power).  Full Article

Shinko Wire to transfer real estate; expects extraordinary loss for FY 2016
Tuesday, 23 Feb 2016 01:00am EST 

Shinko Wire Co Ltd:To sell Osaka-based real estate (land of 1,249.17 square meters and building of 848.91 square meters) in late March.Says it expects an extraordinary loss of 263 million yen for FY ending March 2016.Says the loss is recorded for the transfer of real estate.  Full Article