Nippon Building (JP:8951) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Nippon Building Fund Inc. announced on September 5, 2024, that it will secure ¥14 billion in short-term financing from Sumitomo Mitsui Trust Bank and Resona Bank, with repayment due in October 2024. The funds will be used to partially cover the 46th period cash distribution, with the full amount expected to be expended within September 2024. This financing will increase the company’s total short-term borrowings from ¥5 billion to ¥19 billion.
For further insights into JP:8951 stock, check out TipRanks’ Stock Analysis page.
