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CORRECTED-BRIEF-Xebio Holdings to reorganise subsidiaries (March 21)
March 21, 2017 / 9:20 AM / 6 months ago

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

(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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