Key Developments: Nihon Eslead Corp (8877.T)
1,201JPY
24 May 2013
¥18 (+1.52%)
¥1,360
¥1,185
¥1,243
¥1,171
99,400
90,372
¥1,530
¥611
Latest Key Developments (Source: Significant Developments)
NIHON ESLEAD CORP Announces Outcome of Takeover Bid Launched by MORI TRUST CO., LTD.
NIHON ESLEAD CORP announced that the takeover bid launched by MORI TRUST CO., LTD. has been completed on March 11, 2013. MORI TRUST acquired 3,289,289 shares of the Company at the price of JPY 1,000 per share during the period from January 28, 2013 to March 11, 2013. As a result, MORI TRUST will become the parent company of the Company with 53.72% voting rights, up from 32.40%, effective March 15, 2013. Full Article
NIHON ESLEAD CORP Agrees on Takeover Bid Proposed by MORI TRUST CO., LTD.
NIHON ESLEAD CORP announced that it has agreed on the takeover bid proposed by MORI TRUST CO., LTD., which engages in the city development, hotel operation and investment business. MORI TRUST intends to acquire 4,000,000 shares (at least 2,748,300 shares) of the Company at the price of JPY 1,000 per share during the period from January 28, 2013 to March 11, 2013. If MORI TRUST were able to acquire 4,000,000 shares of the Company, then it will hold a 58.32% stake in the Company, up from 32.40%, effective March 15, 2013. Full Article
NIHON ESLEAD CORP Amends Consolidated Full-year Outlook for FY 2013
NIHON ESLEAD CORP announced that it has raised the consolidated full-year outlook for revenue from JPY 24,000 million to JPY 28,500 million, but has lowered the consolidated full-year outlook for operating profit from JPY 2,850 million to JPY 2,400 million, ordinary profit from JPy 2,400 million to JPY 2,000 million, net profit from JPY 1,400 million to JPY 1,200 million and earning per share from JPY 90.72 to JPY 77.76 for the fiscal year ending March 31, 2013. Full Article
NIHON ESLEAD CORPORATION to Form Business and Capital Alliance with MORI TRUST CO., LTD.; Announces Changes in Shareholding Structure
NIHON ESLEAD CORPORATION announced that it will form a business and capital alliance with MORI TRUST CO., LTD. The two companies will collaborate in the planning, development and sale of apartment house business. In addition, the top shareholder of the Company and another shareholder of the Company, a Hyogo-based company engaged in the holding and management of investment securities, will sell 4,106,800 shares and 893,200 shares of the Company to MORI TRUST respectively on February 24, 2012. As a result, MORI TRUST will become the top shareholder of the Company with 32.57% voting rights, while the current top shareholder will become the fifth biggest shareholder with 2.02% voting rights, down from 28.56% and the Hyogo-based company will be still the second biggest shareholder of the Company with 8.84% voting rights, down from 14.65%, effective February 24, 2012. Full Article
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