Seibu Holdings, Inc. ( (JP:9024) ) has issued an update.
Seibu Holdings Inc. has completed the transfer of Tokyo Garden Terrace Kioicho, a significant asset comprising office, hotel, residence, and retail facilities, for approximately 400 billion yen, resulting in a capital gain of about 260.4 billion yen. The company’s subsidiaries have commenced management operations for the asset, aligning with Seibu’s long-term strategy to enhance its real estate business, potentially strengthening its market position and operational capabilities.
More about Seibu Holdings, Inc.
Seibu Holdings Inc. operates primarily in the real estate industry, focusing on capital recycling as part of its growth strategy. The company is involved in various sectors including real estate management, hotel management, and building management through its subsidiaries.
YTD Price Performance: -4.46%
Average Trading Volume: 1,130,258
Technical Sentiment Consensus Rating: Sell
Current Market Cap: Yen843.9B
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