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BRIEF-Toshiba Tec plans sale of stake in unit
November 30, 2016 / 9:40 AM / a year ago

BRIEF-Toshiba Tec plans sale of stake in unit

Nov 30 (Reuters) - Toshiba Tec Corp :

* Says co plans to set up a wholly owned unit on March 31, 2017 to take over all business run by co’s unit TOSEI Corp

* Says co plans to sell 90 percent stake in the newly established unit to a Tokyo-based electronic products maker, on March 31, 2017

* Transaction amount is undisclosed

Source text in Japanese: goo.gl/Ugosgw

Further company coverage: (Beijing Headline News)

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