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TOKUDEN completes dissolving Tianjin-based subsidiary; expects extraordinary profit for Q3 of FY 2016

Thursday, 28 Jan 2016 01:00am EST

TOKUDEN CO LTD:Completed dissolving a Tianjin-based wholly owned subsidiary, which is engaged in production and sale of wearproof clad steel, on Jan. 28.Says it expects an extraordinary profit of 111 million yen for the Q3 of FY ending March 2016.Says the profit was recorded for the dissolution of the subsidiary.

Transcom Worldwide exits Colombia, reviews remaining Latin American business and streamlines management structure

Monday, 18 Jan 2016 09:10am EST

Transcom Worldwide AB:Exits Colombia, reviews remaining Latin American business and streamlines management structure.Restructuring cost in Q4 2015: 2.2 million euros, of which 1.4 million euros is non-cash.Regional and management structure will be changed.Expected annual direct cost savings: 2.9 million euros.Restructuring cost in Q1 2016 estimated at 2.7 million euros.Says ‍losses in Colombia amounted to 1.6 million euros in first nine months of 2015.Non-recurring 2.2 million euros restructuring cost related to closure of Cali site in Colombia will be recorded in Q4 2015.

Ktis announces closing of wholesale business

Monday, 28 Dec 2015 02:48am EST

Ktis Corp:To suspend the operation of its wholesale business division, to focus on core business and improve operating efficiency.The suspended amount is 34,520.9 million won.

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