Morita Group has sold 30 percent of its stake in...

2010-09-24T00:00:00

Morita Group has sold 30 percent of its stake in the Miyata Cycle Company to Merida, the bicycle producer in Taiwan. Merida paid 150 million yen (€1.3m-$1.8m) for the share in the Japanese company, which was transferred on Aug. 31. Miyata Cycle owns the rights to distribute Merida bikes in ...

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