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8 months ago
BRIEF-JVC Kenwood to sell electric unit and to transfer card printer business to unit
December 22, 2016 / 7:06 AM / 8 months ago

BRIEF-JVC Kenwood to sell electric unit and to transfer card printer business to unit

Dec 22 (Reuters) - JVC Kenwood Corp :

* Says it plans to sell 100 percent stake in its Tokyo-based electric unit to Kanematsu Corp (40 percent) and a Tokyo-based investment partnership(60 percent)

* Says effective date on Feb. 24, 2017 and the selling price is not disclosed

* Says it plans to transfer its card printer business to the electric unit on March 1, 2017

Source text in Japanese:goo.gl/n5yv2D

Further company coverage: (Beijing Headline News)

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