January 20, 2017 / 2:59 AM / 3 years ago

BRIEF-Evolable Asia's Vietnam-based unit to set up JV with GREE

Jan 20 (Reuters) - Evolable Asia Corp :

* Says its Vietnam-based unit Evolable Asia Co Ltd plans to set up a joint venture named as GREVO Co Ltd, jointly with GREE Inc, on April 1

* Says JV will be mainly engaged in development of games and apps, and will be capitalized at $250,000

* Co’s unit Evolable Asia Co Ltd and GREE will hold a 61 percent and a 39 percent stake in JV, respectively

Source text in Japanese: rrd.me/bpD9D

Further company coverage: (Beijing Headline News)

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