Brief: Valuedesign to establish Malaysia-based JV with T-Gaia

T-Gaia

20/07/2017 03:22

July 20 (Reuters) - Valuedesign Inc  3960.T  
    
    * Says co and T-Gaia Corporation  3738.T  plan to inject 
capital of 41 million yen and 15 million yen respectively into 
co's Singapore-based unit VALUEDESIGN SINGAPORE PTE. LTD. on 
Aug. 1, which is engaged in supply of prepaid card related 
systems  
    * Says co and T-Gaia Corporation will hold a 75 percent 
stake and a 25 percent stake in this unit respectively  
    * Says co and T-Gaia Corporation plan to establish a 
Malaysia-based joint venture on Aug. 1, which will be engaged in 
supply of prepaid card related systems  
    * Says co and T-Gaia Corporation will inject capital of 45 
million yen and 15 million yen into the joint venture 
respectively  
    * Says co and T-Gaia Corporation will hold a 75 percent 
stake and a 25 percent stake in the joint venture respectively  
 
    Source text in Japanese: https://goo.gl/w6EPKv 
    Further company coverage: 3960.T  3738.T  
 
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