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Tetsujin to sell stake in subsidiary and expects extraordinary profit for FY 2014

Thursday, 8 May 2014 11:45pm EDT 

Tetsujin Inc:To sell entire 99.93 pct stake (3,000,000,000 units) in a South Korea-based investment subsidiary to a South Korea-based real estate company, at 2,243.5 mln won on June 10.To divest stake in a South Korea-based company engaged in operation of karaoke parlors and restaurants, which is a wholly owned subsidiary of the investment subsidiary.Sees extraordinary profit of about 74 mln yen as gain on sale of stake in the subsidiary, for fiscal year ending Aug. 2014. 

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19 Dec 2014