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BRIEF-Haruyama Trading plans spin-off apparel sale business to newly established unit; transition to holding company structure
October 19, 2016 / 6:25 AM / in a year

BRIEF-Haruyama Trading plans spin-off apparel sale business to newly established unit; transition to holding company structure

Oct 19 (Reuters) - Haruyama Trading Co Ltd :

* Says it plans to set up a wholly owned subsidiary in Okayama prefecture, as successor preparatory company on Jan. 4, 2017

* Says it plans to transfer its apparel and relating sale business to the newly established unit and restructure itself into holding company, effective on Jan. 4, 2017

* Co’s name will be changed to Haruyama Holdings Inc after transition to holding company, effective Jan. 4, 2017

Source text in Japanese: goo.gl/nWk1kg

Further company coverage: (Beijing Headline News)

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