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AGC: Will Sell Its Chinese Subsidiary’s Stock

Post Time:Jul 10,2009Classify:Company NewsView:275

On Wednesday (July 8), Asahi Glass Co., told that it planed to sell its Chinese subsidiary company engaging in producing TV screen glass.

AGC declared that the deal would be finfished in October. The buyer was a Chinese-invested enterprise.
AGC claimed in a notice that this deal would cause a special loss of ¥ 11,000,000,000. This fund had been listed into the annual expected return.

AGC is a cathode-ray tube glass manufacture.

Source: GlassInChinaAuthor: shangyi

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