Brief: Avex Group Holdings subsidiary to set up new joint venture with Yahoo Japan Corp

Avex

11/05/2016 07:35

May 11 (Reuters) - Avex Group Holdings Inc  7860.T  :  
     
    * Says its wholly owned subsidiary will establish a new 
joint venture with Yahoo Japan Corp  4689.T   
    * Says the new joint venture will be engaged in the ticket 
sales service business in Tokyo, Japan 
    * Says the new joint venture will be capitalized at 490 
million yen in all 
    * Says the subsidiary and Yahoo Japan Corp will hold 49 
percentage and 51 percentage stakes in the joint venture, 
respectively  
    * Says effective date May 16 
     
    Source text in Japanese: https://goo.gl/oAn9Xn 
    Further company coverage: 7860.T  4689.T  
     
 
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Keywords: AVEX GROUP HLDG/BRIEF