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Japan Drilling updates JV holding change details and expects extraordinary loss for Q1 FY 2015


Monday, 28 Apr 2014 02:00am EDT 

Japan Drilling Co Ltd:To transfer its holdings of 30 pct stake (22,192,226 shares) in Gulf Drilling International Ltd., to Gulf International Services for about $157 million, or 16 billion yen.Plan disclosed on March 31.Transaction date April 30.Expecting an extraordinary loss of about 700 million yen due to this development for Q1 of FY ending March 2015. 

Company Quote

4550.0
210.0 +4.84%
2:00am EDT