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AXEL MARK INC to Dissolve Subsidiary; Announces Uncollectible Receivables

Thursday, 15 Aug 2013 02:00am EDT 

AXEL MARK INC announced that it has decided to dissolve a wholly owned subsidiary, AXELBEAT INC, which is engaged in search engine business, effective October 2013. The Company is expecting uncollectible receivables of JPY 124 million too this subsidiary, due to this development. 

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