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Intea Holdings, Inc. to Sell Sub-subsidiary to F@N Communications Inc.
Intea Holdings, Inc. announced that it has decided to sell 1,710 shares of its Tokyo-based wholly owned sub-subsidiary, which engages in the internet media advertisement business, to F@N Communications Inc., for JPY 37 million in total, effective July 12, 2012. After the selling, Intea Holdings will hold a 14.5% stake in the sub-subsidiary, while F@N Communications will hold a 85.5% stake in the sub-subsidiary.
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