April 25, 2017 / 8:46 AM / 5 months ago

BRIEF-Morinaga & Co says reorganization and sale of unit

April 25 (Reuters) - Morinaga & Co Ltd

* Says a Chiba-based unit(unit A) will take over a Chiba-based golf course from the company and another Chiba-based unit(unit B)of the co, on July 1

* Says the co will merge with wholly owned unit B on July 1

* Says unit B will be dissolved after the transaction

* Says it will sell 340 shares(100 percent stake)of unit A to unit of Heiwa Corp, on July 3, with undisclosed transaction price

Source text in Japanese:goo.gl/OiDkQVgoo.gl/1T8qo8

Further company coverage: (Beijing Headline News)

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