JX and OXIDE enter into capital and business alliance agreement
Tokyo-based JX Advanced Metals Corp and OXIDE Corp of Yamanashi, Japan (which specializes in optical crystals and frequency-conversion technology) have entered into a capital and business alliance agreement. JX plans to subscribe for shares to be issued by OXIDE through a third-party allotment and acquire shares representing 7.66% of OXIDE’s total issued shares. The investment is expected to amount to about ¥2.75bn, and JX’s ownership ratio is expected to be 7.12%...
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