Subsidiary Divested
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IRVINE — Laser manufacturer Trimedyne Inc. said Monday that it has completed the sale of its 90% owned subsidiary Poly-Optical Products Inc. for cash to privately held Remote Source Lighting International Inc., in Raleigh, N.C.
Trimedyne expects to record a gain of about $700,000 in the current quarter as a result of the sale.
Poly-Optical manufactures plastic fiber-optic devices in the automotive, industrial and medical fields.
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