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Japan Asia Group Ltd announces sale of shares in Asia Air Survey Co Ltd by subsidiary and expects extraordinary loss for Q3 of FY 2014

Wednesday, 11 Dec 2013 02:15am EST 

Japan Asia Group Ltd:Says its subsidiary KOKUSAI KOGYO HOLDINGS Co., Ltd. will sell shares in Asia Air Survey Co Ltd to West Japan Railway Co, for 1,452 million yen on Dec. 12.Says KOKUSAI KOGYO will hold 2,106 shares (0.01 pct stake) indirectly in Asia Air Survey, down from 4,404,106 shares (23.66 pct stake).Sees extraordinary loss of about 316 million yen caused by loss on sale of shares, for the third quarter of fiscal year ending Mar. 2014. 

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