LINE Corporation Establishes New Subsidiary by Company Split (Simplified Incorporation-Type Company Split)

LINE Corporation (NYSE:LN) (TOKYO:3938) (Headquarters: Shinjuku-ku, Tokyo, Japan; Representative Director and CEO: Takeshi Idezawa; the "Company") announced that the Company has decided at the board of directors meeting held today to establish a new subsidiary, Next Library Corporation (the "New Company"), by a simplified incorporation-type company split ("the Split") to succeed the Company's businesses relating to the NAVER Matome related business (the "Business"). Click here for more.

from Cellular News http://bit.ly/2wokDer