Avex Group Holdings subsidiary to set up new joint venture with Yahoo Japan Corp
Avex Group Holdings Inc <7860.T> : Says its wholly owned subsidiary will establish a new joint venture with Yahoo Japan Corp <4689.T> . Says the new joint venture will be engaged in the ticket sales service business in Tokyo, Japan . Says the new joint venture will be capitalized at 490 million yen in all . Says the subsidiary and Yahoo Japan Corp will hold 49 percentage and 51 percentage stakes in the joint venture, respectively .Says effective date May 16.