Asahi Glass: sale of Chinese CRT glass unit

Asahi Glass Co. announced on 8 July 2009 that it is to sell its Chinese cathode-ray tube glass unit, Hunan HEG Electronic Glass Co., to two Chinese companies, Hunan Electronic Information Industry Gro…

Asahi Glass Co. announced on 8 July 2009 that it is to sell its Chinese cathode-ray tube glass unit, Hunan HEG Electronic Glass Co., to two Chinese companies, Hunan Electronic Information Industry Group Co. and Golden Apple International Investment Co. Hunan HEG is wholly owned by Hankuk Electric Glass Co., an Asahi Glass subsidiary based in Gumi, South Korea. After the sale, Hankuk Electric will be the only CRT glassmaker in the Asahi Glass group.