United States

Konami Holdings says business restructuring of units and the co to forgive debt of 5 bln yen borrowed by unit

Thursday, 4 Aug 2016 11:20pm EDT 

Konami Holdings Corp <9766.T>: Says its unit Konami Digital Entertainment Co., Ltd. to transfer arcade game machine's planning, production, manufacture, sale, and lending related business to another unit of the co . Says the change will effective on Nov. 1 .Says the co to forgive debt of 5 billion yen borrowed by the unit that will takeover business from Konami Digital Entertainment.