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Daito Electron Co Ltd to Transfer Businesses to Subsidiaries


Monday, 5 Nov 2012 01:30am EST 

Daito Electron Co Ltd announced that it has decided to transfer the molding machine and chip sorter equipment related development and manufacturing business to a wholly owned subsidiary, DAITRON TECHNOLOGY CO.,LTD., and switching electric source and Uninterrupted Power Supply (UPS), to another wholly owned subsidiary, DaitoDenso Co. Ltd., effective January 1, 2013. The transaction price is not disclosed. 

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