Brief: Gree plans sale of US-based unit for $6 mln

Gree Holdings

16/08/2016 10:39

Aug 16 (Reuters) - Gree Inc  3632.T  : 
     
    * Says it plans to transfer title operation excluded 
business in its wholly owned US-based unit GREE International, 
Inc (GII), to GII's wholly owned unit GREE International 
Entertainment, Inc (GIE) 
    * The co will take over GIE from GII 
    * Co plans to sell entire 75,000 shares in GII (after 
business transfer) to a US-based Internet media firm RockYou, 
Inc. for $6 million  
    * Transaction date on Aug. 16 
     
    Source text in Japanese: https://goo.gl/5kMCzF 
    Further company coverage: 3632.T  
 
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