Reuters logo
BRIEF- Descente and unit DESCENTE KOREA to set up JV ARENA KOREA with DONGIN SPORTS
June 16, 2017 / 2:24 AM / 3 months ago

BRIEF- Descente and unit DESCENTE KOREA to set up JV ARENA KOREA with DONGIN SPORTS

June 16(Reuters) - Descente Ltd

* Says it and its unit DESCENTE KOREA LTD. will set up a joint venture (JV) with DONGIN SPORTS CO., LTD in June

* Says this JV will be engaged in “arena” brand related business and local marketing in Korea and will be capitalized at 5 billion won(500 million yen)

* Says DONGIN SPORTS, the company and DESCENTE KOREA will hold a 65 percent, 25 percent and 10 percent stake in this JV reapectively

Source text in Japanese:goo.gl/Afn143

Further company coverage: (Beijing Headline News)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below