Brief: JVC Kenwood to sell electric unit and to transfer card printer business to unit

Kanematsu

22/12/2016 07:02

Dec 22 (Reuters) - JVC Kenwood Corp   6632.T :  
     
     
    * Says it plans to sell 100 percent stake in its Tokyo-based 
electric unit to Kanematsu Corp  8020.T (40 percent) and a 
Tokyo-based investment partnership(60 percent)  
    * Says effective date on Feb. 24, 2017 and the selling price 
is not disclosed 
    * Says it plans to transfer its card printer business to the 
electric unit on March 1, 2017 
     
     
    Source text in Japanese:https://goo.gl/n5yv2D 
    Further company coverage: 6632.T  
 
 (Beijing Headline News) 
 ((Beijing.HeadlineNews@thomsonreuters.com; +86 10 62674724; 
Reuters Messaging: jun.cao.reuters.com@reuters.net))