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Teac Corp to sell subsidiary's property and expects extraordinary profit for Q3 of FY 2014

Friday, 13 Dec 2013 03:00am EST 

Teac Corp:Says to sell land and buildings located in California, United States, owned by a subsidiary, TEAC AMERICA, INC. to The Brimel, LLC.Says transaction amount $7,500,000, or 777 million yen.Says transaction date Dec. 17.Says it expects an extraordinary profit of 582 million yen, as gain on the development, for the third quarter of fiscal year ending Mar. 2014. 

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