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Exclusive-NEC spurned private equity offers before selling discounted stake in iPhone supplier, sources say

TOKYO (Reuters) -Japan's NEC received multiple buyout offers from global private equity funds for iPhone supplier Japan Aviation Electronics Industry before agreeing to sell back much of its 51% stake to the Japanese company at a discount, five people said. At least three global funds all made offers to both NEC and its listed subsidiary JAE, indicating they were willing to pay substantial premiums to buy out the maker of electronics components, the people said, all of whom declined to be ...
Kazunori Suzuki David Dolan Travis Lundy Kim Coghill Waseda Suzuki Makiko Yamazaki
Source: yahoo.com

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Japan business leaders return to China seeking to bolster cooperation

An unusually large delegation of about 200 Japanese business leaders arrived in China this week to bolster economic relations in the first such visit in more than four years and in the face of geopolitical headwinds that have strained bilateral ties. Japanese economic delegations had visited China every year since 1975, but those visits lapsed during the COVID-19 era when China largely shuttered its borders due to its stringent pandemic policies. During their visit this week, the Japanese busi...
Fumio Kishida Miyoung Kim Astellas Pharma David Dolan Masakazu Tokura Michael Perry
Source: yahoo.com

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