JAPAN: Sasaki plans Shanghai textile subsidiary - report
Japan-based textile and clothing maker Sasaki Sellm is to set up a textile wholesale subsidiary in Shanghai, eastern China, according to a report by Chubu Keizai Shimbun
The subsidiary, which is subject to approval by the Chinese government, will supply Japan-affiliated apparel makers operating in China, the report said.
The planned venture is part of Sasaki's aim to speed up its global strategy.
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