V Technology (TYO:7717) is dissolving and liquidating its consolidated subsidiary, Lumiotec Inc as part of a group-wide business reorganization, according to its Tokyo bourse filing on Monday.
Lumiotec, a developer and manufacturer of organic electroluminescent lighting fixtures, is a wholly-owned subsidiary.
The liquidation process is scheduled for completion by the end of December, with an expected minimal impact on V Technology's consolidated earnings.
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