SHINTO Holdings (2776) · RiskDropped
Abandonment of the Planned Property Acquisition and Switch to an Alternative Property for Sale
First written in FY2019-Q3. 1 of 2 entries say "Materialised", first in FY2019-Q3. Latest entry: FY2019.
2entries
2years
0from disclosures
How it moved
Same theme, other companies
Abandonment of Planned Property Acquisition and Switch to Alternative PropertyA theme 1 companies write about · 1 as a headwind · 0 as a tailwind
No other company in this theme has enough history to compare yet.
Full recordFilings, disclosures and news, newest first
- FY2019DroppedAnnual reportThe full-year report does not specifically restate the circumstances behind the decision to abandon the acquisition of the 2 properties, a regional hotel and a simple lodging facility.
- FY2019-Q3MaterialisedAnnual report
「Repeated negotiations with the sellers broke down, leaving the Company with no choice but to abandon the acquisition of both properties.」
Negotiations with the sellers broke down regarding the 2 properties, a regional hotel and a simple lodging facility, that had been planned for the purpose of strengthening the real estate-related services business, and the Company abandoned the acquisitions. The Company has switched to acquiring alternative properties.