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Shinwa Art Auction Co Ltd (2437.T)

2437.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Shinwa Art Auction unit to own 99.9 pct stake in Shinwa Apec Malaysia SDN BHD via private placement
Monday, 17 Apr 2017 02:41am EDT 

April 17 (Reuters) - Shinwa Art Auction Co Ltd <2437.T> ::* Says its Tokyo-based unit plans to acquire 99.9 percent stake of shares in a Malaysia-based firm SHINWA APEC MALAYSIA SDN.BHD. via shares private placement plan, at 999,999 ringgit.* Says stake transfer is expected to be accomplished in mid-April.  Full Article

Shinwa Art Auction says business and capital alliance
Friday, 28 Oct 2016 02:08am EDT 

Shinwa Art Auction Co Ltd <2437.T>: Says it formed a business and capital alliance with Hong Kong-based investment firm and its unit British Virgin Islands-based investment firm on Oct. 28 . Says it to invest in a China-based art investment management firm and to hold 40 percent stake in it .Says it to issue 330,000 shares of the co (5.44 percent voting rights after issue) to the Hong Kong-based investment firm via private placement on Nov. 14 for 112.9 million yen in total.  Full Article

SHINWA ART AUCTION expects extraordinary loss for Q3 of FY 2016
Wednesday, 13 Apr 2016 02:30am EDT 

SHINWA ART AUCTION CO LTD:Expected extraordinary loss of 27,534,000 yen for Q3 of FY ending May 2016 for provision for bad debts.  Full Article

SHINWA ART AUCTION announces uncollectible or delayed receivables in subsidiary
Tuesday, 15 Mar 2016 02:30am EDT 

SHINWA ART AUCTION CO LTD:Says concern of uncollectible or delayed receivables of 90 million yen in a Tokyo-based subsidiary from a Tokyo-based partnership.Says due to the Tokyo-based partnership's bankruptcy petition.  Full Article

SHINWA ART AUCTION unit to fully acquire sub-subsidiary; sub-subsidiary to set up JV with Coporate Business Network
Monday, 18 Jan 2016 01:30am EST 

SHINWA ART AUCTION CO LTD:Says unit to fully acquire LYS BLANC, H.K. CO., LIMITED as sub-subsidiary of the co, for HK$1 on Jan. 18, and the sub-subsidiary to be renamed as Shinwa Medico Hong Kong Limited.Says the sub-subsidiary to set up a JV named Shinwa Medico Linking System Co., Ltd. in Hong Kong, jointly with Coporate Business Network Limited.  Full Article

SHINWA ART AUCTION subsidiary to set up subsidiary
Wednesday, 13 Jan 2016 01:30am EST 

SHINWA ART AUCTION CO LTD:Says its subsidiary to set up a wholly owned subsidiary in U.S that with tentative name of APEC Reinsurance Co., Ltd.New sub-subsidiary will capitalized at $15,000.  Full Article

SHINWA ART AUCTION raises consolidated mid-year and full-year outlook for FY 2016
Monday, 21 Dec 2015 02:30am EST 

SHINWA ART AUCTION CO LTD:Says the company raised the consolidated mid-year outlook for the FY ending May 2016.Revenue forecast increased to 1,717 million yen from 1,299 million yen.Operating profit forecast increased to 157 million yen from 46 million yen.Ordinary profit forecast increased to 148 million yen from 35 million yen.Net profit forecast increased to 86 million yen from 30 million yen.Earnings per share forecast increased to 15.14 yen from 5.34 yen.Says the company raised the consolidated full-year outlook for the FY ending May 2016.Revenue forecast increased to 3,297 million yen from 3,113 million yen.Operating profit forecast increased to 263 million yen from 182 million yen.Ordinary profit forecast increased to 247 million yen from 158 million yen.Net profit forecast increased to 160 million yen from 100 million yen.Earnings per share forecast increased to 27.95 yen from 17.67 yen.Comments that sale of solar power generation facility is the main reason for the forecast.  Full Article

SHINWA ART AUCTION to sell shares in subsidiary
Monday, 16 Nov 2015 01:30am EST 

SHINWA ART AUCTION CO LTD:To sell 1,400 shares (70.0 pct stake) in its Tokyo-based 70 pct owned subsidiary (target company) to its Tokyo-based wholly owned subsidiary APEC CO.,LTD. at price of 2,144,800 yen on Nov. 17.To cut stake in the target company to 0 pct from 70 pct.  Full Article

SHINWA ART AUCTION subsidiary to sell solar power plant
Thursday, 29 Oct 2015 02:30am EDT 

SHINWA ART AUCTION CO LTD:Subsidiary APEC CO.,LTD. to sell solar power plant in Saito on Oct. 29.  Full Article

SHINWA ART AUCTION completes share repurchase
Friday, 11 Sep 2015 02:30am EDT 

SHINWA ART AUCTION CO LTD:Completes repurchase of 8,000 shares of its common stock, at the price of 2,125,000 yen in total, on Sep. 10.  Full Article

More From Around the Web

BRIEF-Shinwa Art Auction unit to own 99.9 pct stake in Shinwa Apec Malaysia SDN BHD via private placement

* Says its Tokyo-based unit plans to acquire 99.9 percent stake of shares in a Malaysia-based firm SHINWA APEC MALAYSIA SDN.BHD. via shares private placement plan, at 999,999 ringgit