Mitsui Takes Stake in Brightstar Southeast Asian Subsidiary Operation.Tokyo Tokyo (tō`kēō), city (1990 pop. 8,163,573), capital of Japan and of Tokyo prefecture, E central Honshu, at the head of Tokyo Bay. , Japan, Mar 12, 2007 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) ) - Mitsui Mitsui: see zaibatsu. & Co., Ltd. announced on March 8 that took a US$30 million stake in Brightstar Logistics Pte. Ltd., a Singapore company wholly-owned by Brightstar Corp. the global wireless device distribution and supply chain solutions company, serving manufacturers, operators and retailers. Brightstar Logistics has been conducting operations in Southeast Asia Southeast Asia, region of Asia (1990 est. pop. 442,500,000), c.1,740,000 sq mi (4,506,600 sq km), bounded roughly by the Indian subcontinent on the west, China on the north, and the Pacific Ocean on the east. as regional headquarters for Brightstar. Following the transaction, Mitsui will consolidate Brightstar Logistics's accounts with its own, using the equity method. Brightstar Logistics will provide services including strategic product sourcing, customization, fulfillment ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. , inventory management, point of sale and retail management across its operational territory including Singapore, the Philippines and Malaysia, with plans to expand into Vietnam, Thailand and others in the coming months. Mitsui first investment in Brightstar came in August, 2004. Following, Mitsui invested in Brightstar Logistics Pty. Ltd., a subsidiary of Brightstar, incorporated in Australia, in November, 2005. Later, in June, 2006, Mitsui made an additional US$ 50 million investment in Brightstar to strengthen the relationship between Brightstar and Mitsui and enhance joint business development. Copyright [c] 2007 Japan Corporate News Network. All rights reserved. |
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