Brief: Descente unit to set up Arena (Shanghai) Industrial Co., Ltd. with Symphony Holdings Limited

Symphony Holdings

15/12/2016 06:18

Dec 15 (Reuters) - Descente Ltd    8114.T : 
     
     
    * Says its unit Shanghai Descente Commercial Co., LTD. plans 
to set up a JV in Shanghai, named as Arena (Shanghai) Industrial 
Co., Ltd., under cooperation with Symphony Holdings Limited 
 1223.HK   
    * Says Arena (Shanghai) Industrial Co., Ltd. will be engaged 
in sales and marketing of Arena brand's products in China 
mainland, with registered capital of 30 million yuan 
    * Says Shanghai Descente Commercial Co., LTD. and Symphony 
Holdings Limited will hold 30 percent stake and 70 percent stake 
in the JV respectively      
     
     
    Source text in Japanese:https://goo.gl/RdpkG8 
    Further company coverage: 8114.T  1223.HK  
 
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