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Optoelectronics Co., Ltd. to Sell Subsidiary to Another Subsidiary
Optoelectronics Co., Ltd. announced that it has decided to sell 200 shares of its United States-based wholly owned subsidiary, OPTICON INC., which engages in the sale of automatic recognition equipment, to a Netherlands-based wholly owned subsidiary of the Company, OPTICON SENSORS EUROPE B.V., which is also engaged in the sale of automatic recognition equipment, effective June 30, 2012. As a result, OPTICON will become a wholly owned subsidiary of OPTICON SENSORS EUROPE.
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