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Provider: Reuters Investment Profile
Provider: Wright Reports

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Aeon Co Ltd's Subsidiary to Divest Asset; Expects Extraordinary Profit and Loss for FY 2014

Wednesday, 2 Oct 2013 04:40am EDT 

Aeon Co Ltd announced that its wholly owned subsidiary, an asset management company, has resolved to sell 16 assets (principally real estate located in Japan) to an AEON real estate investment trust company, for JPY 142 billion and then lease the assets back. The Company is expecting an extraordinary profit of JPY 6.9 billion and an extraordinary loss of JPY 6.9 billion due to this development, for the fiscal year ending February 2014. 

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-15.5 -1.21%
7:36pm EST