princess_morbucks
24-04-14, 08:05
(REUTERS) - Sony Corp will branch out into the real-estate business in August and plans to take the unit public in three years, the Nikkei reported without citing a source.
Sony recently set up a real-estate unit in Tokyo, with the aim of generating annual sales of 50 billion yen (S$612 million) in five years, the newspaper said.
The real-estate foray marks the first initiative of a new project team at Sony that specialises in creating new businesses and aims at developing more than 10 new businesses over the next three years, the business daily reported.
- See more at: http://www.straitstimes.com/news/business/companies/story/sony-enter-real-estate-business-nikkei-20140424#sthash.2zTSqhfE.dpuf
Sony recently set up a real-estate unit in Tokyo, with the aim of generating annual sales of 50 billion yen (S$612 million) in five years, the newspaper said.
The real-estate foray marks the first initiative of a new project team at Sony that specialises in creating new businesses and aims at developing more than 10 new businesses over the next three years, the business daily reported.
- See more at: http://www.straitstimes.com/news/business/companies/story/sony-enter-real-estate-business-nikkei-20140424#sthash.2zTSqhfE.dpuf