Onishiya Y.K. completed the acquisition of an additional 9.1% stake in Nakanippon Casting Co., Ltd.
December 25, 2014 at 04:00 am
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Onishiya Y.K. agreed to acquire an additional 9.1% stake in Nakanippon Casting Co., Ltd (NSE:6439) on December 24, 2014. Onishiya will acquire 1.73 million shares and transaction is expected to complete on December 25, 2014.
Onishiya Y.K. completed the acquisition of an additional 9.1% stake in Nakanippon Casting Co., Ltd (NSE:6439) for approximately ¥130 million on December 25, 2014.
NAKANIPPON CASTING CO., LTD is a Japan-based company mainly engaged in casting business. The Company is engaged in the manufacture and sale of casting parts such as automotive parts, hydraulic parts, general-purpose engine parts, electric parts, and pump parts. Automotive parts include continuously variable transmission (CVT) covers, carrier rear planets, and housing bearings. Hydraulic components include pump cases, valve housings, and valve casings. The vacuum pump components include side covers.