Brief: Yachiyo Industry updates sale of automobiles business to Honda Motor

Yachiyo Industry Co

18/12/2017 07:00

Dec 18 (Reuters) - Yachiyo Industry Co Ltd  7298.T  : 
       
    * Says co plans to set up a new subsidiary as successor 
preparatory company on Dec. 18, and to divest and transfer 
automobiles business to it on March 1, 2018 
    * Co will sell the successor preparatory company to Honda 
Motor 
 7267.T   after business transfer, at 6.8 billion yen, on April 
2, 2018  
 
     
    Source text in Japanese: https://goo.gl/q1jeNy 
    Further company coverage: 7298.T  7267.T  
 
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