Brief: Descente and unit DESCENTE KOREA to set up JV ARENA KOREA with DONGIN SPORTS

Descente

16/06/2017 03:21

June 16(Reuters) - Descente Ltd  8114.T  
     
    * Says it and its unit DESCENTE KOREA LTD. will set up a 
joint venture (JV) with DONGIN SPORTS CO., LTD in June 
    * Says this JV will be engaged in "arena" brand related 
business and local marketing in Korea and will be capitalized at 
5 billion won(500 million yen) 
    * Says DONGIN SPORTS, the company and DESCENTE KOREA will 
hold a 65 percent, 25 percent and 10 percent stake in this JV 
reapectively 
 
     
     
    Source text in Japanese:https://goo.gl/Afn143 
    Further company coverage: 8114.T  
 
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