June 21, 2017 / 3:31 AM / a month ago

BRIEF-Recomm to set up Vietnam-based subsidiary to develop LED lighting business in ASEAN region

1 Min Read

June 21 (Reuters) - Recomm Co Ltd

* Says it will set up a wholly owned subsidiary, Vietnam Recomm CO.,LTD on July 1, to develop LED lighting business in ASEAN region

* New subsidiary will be engaged in sale of LED lighting and air-conditioning related eco products, as well as OA equipment

* New subsidiary will be capitalized at $447,000, or 50 million yen

Source text in Japanese:goo.gl/nYzz7y

Further company coverage: (Beijing Headline News)

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