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BRIEF-Panasonic to dissolve unit MTPD and forgives debts worth 100 bln yen
March 30, 2017 / 7:56 AM / 8 months ago

BRIEF-Panasonic to dissolve unit MTPD and forgives debts worth 100 bln yen

March 30 (Reuters) - Panasonic Corp :

* Says it plans to dissolve and liquidate its wholly owned unit MTPD, which is mainly engaged in provision of cathode-ray tube related technology service

* Says dissolution effective in Nov. 2018 and liquidation is expected to be completed in March 2019

* Co plans to forgive debts borrowed by the unit MTPD, worth 100 billion yen

Source text in Japanese: goo.gl/MVRUyF

Further company coverage: (Beijing Headline News)

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