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Nisshin OilliO Group Ltd announces selling price of subsidiary and to expect extraordinary profit for FY 2014

Friday, 24 Jan 2014 03:15am EST 

Nisshin OilliO Group Ltd:Says decided the selling price of the 51 pct stake in its Dalian-based subsidiary to COFCO Oils & Fats Holdings Limited, at 11,059,000 yuan.Says the transaction to be conducted in Mar.Says the company to expect extraordinary profit of 360 million yen on the selling of stake in the subsidiary, for the fiscal year ending Mar. 2014. 

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