JAPAN: Daidoh To Establish Joint Venture In China
One of Japan's leading clothing retailers, Daidoh Limited, has announced that it is to establish a joint venture with another unnamed Japanese garment manufacturer to produce apparel for the Japanese and overseas markets. Funding for the joint venture, which will be based in China, is said to be around $1.05m and will see Daidoh claiming a 70 per cent stake in the business. The new venture is planned to start operation in May 2002.
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