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Shindengen Electric Mfg. Co., Ltd. to Sell Shares of Subsidiary
Shindengen Electric Mfg. Co., Ltd. announced that it has decided to sell 250 shares of its 60%-owned subsidiary, SHINDENGEN MECHATRONICS CO., LTD., which engages in the development, manufacture and sale of solenoid, for JPY 200 million in total to a Saitama-based company engaged in the manufacture of solenoid, on February 2, 2012. After the selling, the Company's stake in SHINDENGEN MECHATRONICS will become 47.5%, down from 60%, and SHINDENGEN MECHATRONICS will be no longer a subsidiary of the Company.
Latest Developments for Shindengen Electric Manufacturing Co Ltd
- Shindengen Electric Manufacturing Co Ltd Raises Consolidated Full-year Forecast for FY 2013
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- Shindengen Electric Manufacturing Co Ltd Announces Extraordinary Profit for Q3 of FY 2013; Lowers Consolidated Full-year Outlook for FY 2013
- Shindengen Electric Manufacturing Co Ltd Amends Consolidated Mid-year Outlook for FY 2013
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