Passenger Transportation, Ground & Sea

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West Japan Railway Co to transfer business to subsidiary and to sell the subsidiary to Accordia Golf Co Ltd

Thursday, 21 Aug 2014 04:00am EDT

West Japan Railway Co:To transfer golf course business in Funai, Kyoto to Kyoto-based subsidiary, effective Oct. 1.To transfer 2,751 shares of the Kyoto-based subsidiary to Accordia Golf Co Ltd on Oct. 1.

Shinki Bus to spin off amusement center business

Friday, 23 May 2014 04:00am EDT

Shinki Bus Co Ltd:To transfer amusement center business to a wholly owned subsidiary, which will be established in August in Himeji, Japan, in August.To sell all the 1,000 shares (100 pct stake) in the new subsidiary to a Japan-based company, which is engaged in steel and nonferrous metal processing and waste recycling business in Himeji, in August.Transaction price was not determined.

Kintetsu Corp to transfer to holding company structure

Tuesday, 13 May 2014 02:00am EDT

Kintetsu Corp:To transfer to holding company structure.To transfer its railway business, highline business and tourist attraction business to a wholly owned subsidiary which was set up on April 30.To transfer real estate business to KINTETSU REAL ESTATE, in which the company holds a 99.01 pct stake.To fully acquire KINTETSU REAL ESTATE before effective date of reorganization.To transfer hotel business and inn business to a wholly owned subsidiary engaged in hotel business.To transfer logistics business to wholly owned subsidiary Kintetsu Retail Service.Transactions effective April 1, 2015.

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