JAPAN: Miyuki Keori Moves To Bolster Fabrics Business
Fabric manufacturer Miyuki Keori Co said Tuesday it would acquire a wholly-owned electronic equipment unit of its top shareholder, Toyobo Co on March 27. By acquiring Bon Electric Co, at an estimated cost of slightly over 1bn yen ($8.7m), Miyuki Keori of Nagoya intends to bolster its electronics businesses to make up for a slump in its core fabrics business, company officials said.
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