Brief: Descente plans spin-off Japan-based business to newly established unit

Descente

31/08/2016 07:12

Aug 31 (Reuters) - Descente Ltd  8114.T  : 
     
    * Says it plans to set up a wholly owned subsidiary Descente 
Japan Ltd in Osaka, as successor preparatory company in mid-Sep. 
    * Says it plans to transfer its Japan-based business to the 
newly established unit, effective on April 1, 2017  
 
    Source text in Japanese: https://goo.gl/ORxuW4 
    Further company coverage: 8114.T  
 
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