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ARRK Corp to Sell Subsidiaries and Expects Extraordinary Loss for Q3 of FY 2013


Thursday, 20 Dec 2012 05:00am EST 

ARRK Corp announced that it has decided to sell 100% stakes in subsidiaries ARRK Automotive GmbH, ARRK Zimmermann GmbH & Co. KG and Shapers' Deutschland GmbH, which are engaged in manufacture and sale of automotive molds, to Trinity Holding GmbH, on January 1, 2013. As a result, the Company expects the extraordinary loss of JPY 355 million caused by sale of shares in affiliated companies, for the third quarter of the fiscal year ending March 2013. 

Company Quote

150.0
-2.0 -1.32%
30 Oct 2014