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Temp Holdings Co Ltd’s Subsidiary to Acquire Shares in Subsidiaries of Panasonic Corp


Tuesday, 15 Jan 2013 02:30am EST 

Temp Holdings Co Ltd announced that its subsidiary Tempstaff Co., Ltd. will acquire 666 shares (a 66.6% stake) in Panasonic AVC Technology Co., Ltd., which is an Osaka-based wholly owned subsidiary of Panasonic Corp engaged in software and hardware development for digital audio and video (AV) products, as well as 2,664 shares in Panasonic AVC Multimedia Software Co., Ltd., which is an Osaka-based wholly owned subsidiary of Panasonic Corp engaged in software and system development for digital AV products and communications network, at the price of JPY 900 million and JPY 765 million respectively, from Panasonic Corp on March 29, 2013. As a result, Tempstaff Co., Ltd. will hold 66.6% stake in the two companies respectively. 

Company Quote

3790.0
-20.0 -0.52%
25 Dec 2014