Toys & Juvenile Products
Oct 19 (Reuters) - Funcom Nv
Konami Holdings says business restructuring of units and the co to forgive debt of 5 bln yen borrowed by unit
Konami Holdings Corp <9766.T>: Says its unit Konami Digital Entertainment Co., Ltd. to transfer arcade game machine's planning, production, manufacture, sale, and lending related business to another unit of the co . Says the change will effective on Nov. 1 .Says the co to forgive debt of 5 billion yen borrowed by the unit that will takeover business from Konami Digital Entertainment.
Bandai Namco Holdings Inc:Says its China-based group company, BANDAI NAMCO ASIA CO., LTD., to restructure the company into a holding company, effective April 1.BANDAI NAMCO ASIA CO., LTD. to change company name to BANDAI NAMCO Holdings ASIA CO., LTD.BANDAI NAMCO ASIA to establish a new wholly owned subsidiary to take over the toy hobby business from BANDAI NAMCO ASIA, after BANDAI NAMCO ASIA restructure into a holding company.
Square Enix Holdings Co Ltd:To dissolve its New York-based wholly owned subsidiary Shinra Technologies, Inc. and Shinra Technologies's Tokyo-based wholly owned subsidiary.Liquidation of Shinra Technologies is expected to be completed on March 31, 2019 and liquidation of Shinra Technologies's subsidiary is expected to be completed on June 30.Says it expects an extraordinary loss of about 2 billion yen for the fiscal year ending March 2016.