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TOKAI LEASE CO LTD to Establish New Subsidiary in China

Friday, 30 Nov 2012 01:00am EST 

TOKAI LEASE CO LTD announced that it has decided to establish a new subsidiary LANG FANG R ONG DONG P REFAB CO., LTD., which will be engaged in the manufacture, sale and leasing of temporary buildings in China, in April 2013. The Company will hold a 25% stake in the new subsidiary and two other subsidiaries of the Company will hold a 45% stake and a 30% stake in the new subsidiary, respectively. 

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