Wednesday 02. February 2011
Epson and Sony Execute Agreement for the Transfer of All Equity in Epson Subsidiary to Sony Group
Seiko Epson Corporation (“Epson”) and Sony Corporation (“Sony”) today announced they have executed an agreement for Sony (China) Limited, a wholly-owned subsidiary of Sony, to acquire all of the equity of Suzhou Epson Co., Ltd. (“Suzhou Epson”), a wholly-owned subsidiary of Epson located in China that is engaged in small- and medium-sized TFT LCD production. (In this press release, Epson and its subsidiaries are collectively called the “Epson Group”, Sony and its subsidiaries are collectively called the “Sony Group”.)