Relo Group (JP:8876) has released an update.
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Relo Group, Inc. announced the waiver of its preferred shares and claims against SIRV A-BGRS Holdings, dissolving the capital relationship and removing SIRV A from its equity method affiliates. The move is part of a business restructuring aimed at improving SIRV A’s capital structure. The company anticipates a 3.0 billion yen gain in the next fiscal year and is reviewing its full-year earnings forecast for potential revisions.
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