NEC Corp. has announced that it gas sold part of its share holding in display glassmaker Nippon Electric Glass Co. Ltd., decreasing its stake from 13.1% to 11.3%, adding that, as a result, Nippon Elec…
NEC Corp. has announced that it has sold part of its share holding in display glassmaker Nippon Electric Glass Co. Ltd., decreasing its stake from 13.1% to 11.3%, adding that, as a result, Nippon Electric Glass will no longer be a consolidated affiliate. The JPY 20 billion special profit resulting from the share sale has already been factored into NEC“s announced earnings guidance. According to a statement from NEC, the shares have been sold to an investment bank, and will be sold to institutional investors.