Advance Logistics Investment Corporation (JP:3493) has released an update.
Advance Logistics Investment Corporation has announced its intentions to merge with Mitsui Fudosan Logistics Park Inc., with the merger set to take effect on November 1, 2024. This strategic move has led to the revision of ADL’s operating forecasts for the fiscal periods ending in August and October 2024, along with the disclosure of forecasted merger distribution. The updated forecast reflects a decrease in operating revenue and income, as well as a change in distributions per unit for investors.
For further insights into JP:3493 stock, check out TipRanks’ Stock Analysis page.