SANEI TO SHANGHAI: Sanei International Corp., a major apparel company based in Tokyo, has established a wholly owned subsidiary in Shanghai that will initially handle procurement and trading of merchandise from China and eventually build directly managed apparel factories in that country.

The new company, Sanei International Trading (Shanghai) Co., is capitalized initially at $200,000, a Sanei spokesman said, explaining that it is positioned as a controlling company responsible for directly managing Sanei’s trading and manufacturing operations in China.

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