March 21, 2017 / 9:20 AM / 4 months ago

CORRECTED-BRIEF-Xebio Holdings to reorganise subsidiaries (March 21)

1 Min Read

(Corrects headline and bullets to say it is consolidating hotel units and sports units, not merging hotel unit and sports goods unit.)

March 24 (Reuters) - Xebio Holdings Co Ltd :

* Says it will merge its two wholly owned hotel units

* Northern Japan sports goods retail unit will merge with parent sports goods retail unit

* Real assets of both units being merged will be transferred to Xebio Holdings Co Ltd.

* Says reorganisation effective May 1

Source text in Japanese:goo.gl/7radqV

Further company coverage: (Beijing Headline News)

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