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BRIEF-Shibusawa Warehouse plans freight forwarding JV with DyDo Group Holdings' unit
December 5, 2017 / 6:18 AM / in 9 days

BRIEF-Shibusawa Warehouse plans freight forwarding JV with DyDo Group Holdings' unit

Dec 5 (Reuters) - Shibusawa WarehouseCo Ltd :

* Says it plans to set up a joint venture, which will be mainly engaged in freight forwarding transportation business, with DyDo Group Holdings Inc ’s wholly owned unit DyDo Drinko, on June 1, 2018

* JV will be capitalized at 25 million yen, and co and DyDo Group Holdings’ unit will own a 51 percent stake and a 49 percent stake respectively

Source text in Japanese: goo.gl/fSbqrf

Further company coverage: (Beijing Headline News)

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