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7988 — Nifco News Story

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Brief: Nifco to sell wholly owned unit The Japan Times to News2u

June 12(Reuters) - Nifco Inc  7988.T  
     
    * Says it plans to sell entire shares of a wholly owned unit 
The Japan Times Ltd, which is engaged in printing and sales of 
English-language newspaper, and sales of books, to a Tokyo-based 
company News2u, which is mainly engaged in  group management 
policies' decision 
    * Price undisclosed  
    * Transaction date in late June     
 
     
    Source text in Japanese:http://hsvp.com/4359 
    Further company coverage: 7988.T  
 
 (Beijing Headline News) 
 ((Beijing.HeadlineNews@thomsonreuters.com; +86 10 62674724; 
Reuters Messaging: huafang.zhang.reuters.com@reuters.net))

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