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Full Speed Inc (2159.T)

2159.T on Tokyo Stock Exchange

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Wed, Apr 26 2017

BRIEF-Full Speed plans spin-off of animated ad network business to new unit

* Says it plans to transfer its smart phone animated ad network business to its wholly owned Tokyo-based unit which will be established on May 31

BRIEF-FreeBit unit says uncollectible or delayed receivables

* Says unit Full Speed Inc has concern of uncollectible or delayed receivables of about 481 million yen from a Tokyo-based company which sells hair removal sarong and three related companies

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