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BRIEF- Optex Group unit CCS to sell stake in China-based JV and to set up new unit in China
May 26, 2017 / 6:46 AM / in 7 months

BRIEF- Optex Group unit CCS to sell stake in China-based JV and to set up new unit in China

May 26(Reuters) - Optex Group Co Ltd

* Says its unit CCS Inc will sell entire shares (51 percent stake) in a China-based joint venture Rsee, which was established in January, 2014, by CCS and a business investment engaged company

* Price at 4.5 million yuan (about 72 million yen)

* Transaction in 2017

* Says CCS will establish a wholly owned unit in China, which will be engaged in development, manufacture and sales of lighting equipment and this unit will be capitalized at 3 million yuan (about 48 million yen), in June

Source text in Japanese:goo.gl/4tqZA0

Further company coverage: (Beijing Headline News)

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