KKR to cut stake in Japan chip tool maker Kokusai Electric, sources say

TOKYO: Private equity firm KKR plans to cut its stake in Kokusai Electric, two people familiar with the matter said, cashing in after a blistering run for shares in the Japanese chip equipment maker.

KKR, which holds around 43 per cent of Kokusai’s shares, plans to sell about half of its stake to investors, one of the people said.