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Colowide Co Ltd to Sell Subsidiary to Atom Corp

Monday, 19 Aug 2013 03:00am EDT 

Colowide Co Ltd announced that it will spin off Hokkaido restaurant business of a Yokohama-based wholly owned subsidiary into a new subsidiary, which will be established in Nagoya on October 1, 2013. Colowide will then sell all 200 shares in the new subsidiary to another subsidiary Atom Corp for JPY 1,380 million in total, on October 1, 2013. 

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