IN BRIEF: Titon Holdings gets sale funds; plans inventory write-down
Titon Holdings PLC - Colchester, England-based manufacturer and supplier of ventilation systems - Receives cash proceeds for the disposal of its 51% owned South Korean subsidiary company, Titon Korea Co Ltd, and its 49% owned South Korean associate company, Browntech Sales Co Ltd. As a result ceases to have an operating and reportable South Korean business segment. The net cash received is GBP710,178. Read More