Joy Global doesn't see need to write down Chinese unit, WSJ reports

theflyonthewall.com

Joy Global (JOY) CEO Michael Sutherlin said in an interview that his company has not found any accounting problems at its recently acquired Chinese unit and that it has no need to write down its value, reported The Wall Street Journal. Shares of Joy Global are up 0.8% to $63.26 in midday trade.

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