December 22, 2017 / 10:04 AM / 5 months ago

BRIEF-Panasonic to set up interim holding company for reorganization

Dec 22 (Reuters) - Panasonic Corp :

* Says it plans to transfer shares in a certain wholly owned subsidiary as well as related long-term loans receivables to an interim holding company which will be set up on April 2, 2018

* New interim holding company will be mainly engaged in investment and collection management for group companies in Japan

Source text in Japanese: goo.gl/SzLDdz

Further company coverage: (Beijing Headline News)

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