June 7 (Reuters) - Avex Group Holdings Inc 7860.T :
* Says it plans to set up a wholly owned subsidiary Avex
International Holding Corporation in US as the interim holding
company to manage business companies
* Says it plans to set up a second-tier subsidiary Avex
International Inc. wholly owned by Avex International Holding
Corporation in US to be engaged in all-round business relating
to entertainment
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