Furuya Metal and Tanaka Kikinzoku Enter Alliance with New Share Allocation

Furuya Metal announced on Monday the firm allocates its new shares to Tanaka Kikinzoku Kogyo and concludes business alliance with Tanaka Kikinzoku Kogyo. Along the alliance, Furuya Metal can be provided iridium ingot stably from Tanaka Kikinzoku Kogyo. Tanaka Kikinzoku Kogyo will acquire 19.49% of Furuya Metal’s ordinary shares at 7.08 billion yen by February 25th.