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ASANUMA CORP to Sell Shares in Subsidiary to Subsidiary of Accordia Golf Co Ltd; Expects Extraordinary Profit for FY 2013
ASANUMA CORP announced that it has decided to sell 2,001 shares (a 100% stake) in Nara Manyo Country Club, which is engaged in operation of golf courses, to a subsidiary of Accordia Golf Co Ltd on March 1, 2013. The transaction price is not disclosed. As a result, the Company expects the extraordinary profit of approximately JPY 480 million caused by gain on sale of shares in affiliated company, for the fiscal year ending March 2013.
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