Retail - Department Stores
START TODAY CO LTD to Merge with Subsidiary
START TODAY CO LTD announced that it will merge with a wholly owned subsidiary START TODAY CONSULTING CO.,LTD., which has been engaged in consulting business related to electronic shopping mall operation in Chiba, Japan, effective August 1, 2013. As a result, the Company will be the surviving company and the subsidiary will be dissolved.
Darty PLC To Close Spanish Stores-Reuters
Reuters reported that Darty PLC is closing its loss-making operations in Spain as part of a turnaround plan centred on its profitable businesses in France, Belgium and the Netherlands.
Yumemitsuketai Co Ltd to Take Over Property from Subsidiary; to Take Out Loans
Yumemitsuketai Co Ltd announced that it has decided to take over a property from a wholly owned subsidiary, for JPY 490 million, on March 29, 2013. The Company has decided to take out JPY 380 million loans from Mizuho Bank on March 29, 2013. The maturity is March 31, 2018.
ISE Commerce Co Ltd to Divest Brand-Jinny Kim Business into Subsidiary
ISE Commerce Co Ltd announced that it will divest its brand-Jinny Kim business into a newly established wholly owned subsidiary. The transaction effective date and registration date are expected to be April 1, 2013 and April 5, 2013, respectively.
Fujian Dongbai (Group) Co Ltd Announces Merger of Subsidiaries
Fujian Dongbai (Group) Co Ltd announced the merger of its two subsidiaries, a Fujian-based shopping square company and a Fujian-based shopping center company.
JD Group Ltd Announces Acquisition Of Immovable Properties And Rental Enterprises From Subsidiary
JD Group Ltd announced that an agreement has been reached between JD Group and Steinhoff International Holdings Limited, in terms of which Steinhoff Properties (Pty) Limited, a wholly owned subsidiary of Steinhoff, will dispose of 19 immovable properties and accompanying leases in respect thereof to JD Group in exchange for new ordinary shares issued by JD Group. The Rental Enterprises consist of 19 automotive dealership properties across the Republic of South Africa, which are occupied by Unitrans Automotive (Pty) Limited, an indirect wholly owned subsidiary of JD Group. The Properties are currently subject to nine-year leases that commenced on July 1, 2012. In terms of the Agreement, JD Props will acquire the Rental Enterprises for a total consideration of ZAR446962427. The Purchase Consideration will consist of a fresh issue of 9508322 JD Group shares credited as fully paid at an issue price of 4700.75 cents per share, being the 28-day Volume Weighted Average Prices, at which a JD Group share traded on the JSE Limited (JSE) from October 14, 2012 up to and including November 20, 2012, the date on which JD Group and Steinhoff formally started discussions.
Aeon Co Ltd's Subsidiary to Transfer Business to Sub-subsidiary
Aeon Co Ltd announced that its subsidiary, AEON RETAIL Co., Ltd., has decided to transfer its cycle business to a newly established sub-subsidiary, AEONBIKE CO., LTD., effective September 21, 2012.
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Sector Summary
| Energy |  -0.72% |
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| Industrials | -0.59% |
| Cyclical Goods & Services | -0.53% |
| Non-Cyclical Goods & Services | -0.74% |
| Financials | -0.80% |
| Healthcare | -0.89% |
| Technology | -0.47% |
| Telecoms | -1.18% |
| Utilities | -1.53% |
| DOW | 15,190.90 | -127.33 |
-0.83% |
| S&P 500 | 1,637.69 | -14.12 |
-0.85% |
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| TR US Index | 148.62 | -1.17 |
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+237.94Analyst Research
| Report Title | Price |
|---|---|
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Provider: Edison Investment Research
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$10.00
|
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Provider: Bohai Securities Co.,Ltd.
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$69.00
|
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Provider: Bohai Securities Co.,Ltd.
|
$23.00
|
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Provider: Bohai Securities Co.,Ltd.
|
$23.00
|
|
Provider: Bohai Securities Co.,Ltd.
|
$46.00
|
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