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Universal Solution Systems Inc to sell shares of subsidiary and expects extraordinary profit for Q2 of FY 2015

Friday, 11 Jul 2014 05:15am EDT 

Universal Solution Systems Inc:To sell 552 shares of subsidiary Best Reserve, engaged in operation and management of accommodation booking website , to Oriental Agency Corp, a Tokyo-based holding company, for 195 million yen, on July 11.To hold 35 pct stake (644 shares) in subsidiary after transaction, down from 65 pct (1,196 shares).Expects extraordinary profit of about 149 million yen as gain on sale of shares for Q2 of FY ending March 2015. 

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