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Nomura Principal Finance sells stake to Eastern

Nomura Holdings' wholly owned subsidiary, Nomura Principal Finance, has sold all of its shares in Eastern Co to Eastern.

The sale follows a resolution passed by the shareholders of Eastern regarding its share repurchase plan last month, according to Nomura.

Eastern, established in 1961, is a semiconductor packaging substrates and electronic equipment manufacturer with production bases located in Japan and China.

As of March 2011, the company had a capital of 3,500m yen and 1,217 employees.