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Panasonic Announces Agreement With U.S. DOJ And SEC Regarding Avionics Business Of Its U.S. Unit

Monday, 30 Apr 2018 03:14pm EDT

April 30 (Reuters) - Panasonic Corp <6752.T>::PANASONIC ANNOUNCES AGREEMENT WITH THE U.S. DEPARTMENT OF JUSTICE AND U.S. SECURITIES AND EXCHANGE COMMISSION REGARDING THE AVIONICS BUSINESS OF ITS U.S. SUBSIDIARY.PANASONIC - PAYMENTS TO U.S. GOVERNMENT NOT EXPECTED TO HAVE A MATERIAL IMPACT ON CO'S RESULTS FORECASTS FOR FISCAL YEAR THAT ENDED MARCH 31, 2018.PANASONIC - PANASONIC AVIONICS AGREED TO ENGAGE AN INDEPENDENT COMPLIANCE MONITOR FOR A PERIOD OF 2 YRS, AFTER WHICH IT WILL SELF-REPORT FOR 1 YEAR.

Universal Electronics's Unit To Sell Ownership Interest In Gemstar Technology China

Monday, 23 Apr 2018 05:06pm EDT

April 23 (Reuters) - Universal Electronics Inc ::UNIVERSAL ELECTRONICS - C.G. DEVELOPMENT LIMITED TO SELL ITS OWNERSHIP INTEREST IN GEMSTAR TECHNOLOGY (CHINA) TO GUANGZHOU MUXIA HOTEL MANAGEMENT.UNIVERSAL ELECTRONICS - ON APRIL 17, UNIT & GUANGZHOU JUNHAO INVESTMENT CO MUTUALLY AGREED TO TERMINATE SEPT. 30, 2016 TRANSFER AGREEMENT.UNIVERSAL ELECTRONICS - IN EXCHANGE FOR SALE OF 100% OF CAPITAL OF STOCK OF GEMSTAR CHINA, GMHM WILL PAY UNIT RMB$338.9 MILLION IN CASH.

Goertek to dissolve Japan-based unit Goertek Nikko MaChinery

Wednesday, 27 Dec 2017 02:45am EST

Dec 27(Reuters) - Goertek Inc <002241.SZ>:Says it plans to dissolve Japan-based wholly owned unit Goertek Nikko MaChinery Co., Ltd.

Sharp to transfer part of energy solutions business to unit Sharp Energy Solutions

Tuesday, 26 Dec 2017 02:18am EST

Dec 26(Reuters) - Sharp Corp <6753.T>:Says it plans to transfer a part of energy solutions business to its wholly owned unit Sharp Energy Solutions Corporation .Effective April 1, 2018.

Action Electronics unit Besttaiwan says dissolution plan

Thursday, 7 Dec 2017 02:05am EST

Dec 7 (Reuters) - Action Electronics Co Ltd <3024.TW> ::Says its unit Besttaiwan says dissolution and liquidation plan due to business environment change .Last date before book closure is Dec. 8.

Shenzhen MTC sees FY 2017 net profit up 30 pct to 60 pct

Friday, 27 Oct 2017 03:53am EDT

Oct 27(Reuters) - Shenzhen MTC Co Ltd <002429.SZ> ::Sees FY 2017 net profit to increase by 30 percent to 60 percent, or to be 486.7 million yuan to 599.0 million yuan.Says FY 2016 net profit was 374.4 million yuan.The reasons for the forecast are expanded business market and improved management level .

TCL to sell stake in TCL Communication Technology for HK$490 mln

Monday, 9 Oct 2017 07:52am EDT

Oct 9 (Reuters) - TCL Corp <000100.SZ>:Says it plans to sell 49 percent stake in TCL Communication Technology for HK$490 million ($62.78 million) to Unisplendour Technology Venture Capital, Oriente Grande Investment Fund and Vivid Victory Developments.

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