Brief: Red Planet Japan to set up unit Red Planet Hotels Manila

Metaplanet

07/06/2018 03:11

June 7 (Reuters) - Red Planet Japan Inc  3350.T  
    
    * Says it will set up a wholly owned unit Red Planet Hotels
Manila
Corporation in June 
    * The unit will be capitalized at 10.5 million pesos (about
21
million yen) 
    * The unit will buy property for 166.8 million pesos (about
346
million yen) from Red Planet Hotels Philippines Corporation and
Red Planet Hotels Manila Bay Corporation 

    
    Source text in Japanese:https://goo.gl/K6h6gG
    Further company coverage: 3350.T 

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