Sumitomo Realty & Development (8830) · InitiativeAchieved
Dissolution of the joint venture and transfer of the investment interest in a condominium development subsidiary in Dalian, China
First written in FY2020. 1 of 2 entries say "Achieved", first in FY2021-Q1. Latest entry: FY2021-Q1.
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Removal from the Scope of Consolidation Through the Transfer of Shares in a SubsidiaryA theme 358 companies write about · 51 as a headwind · 258 as a tailwind
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Showing 14 of the 158 companies compared. The sentences above are computed from all 158.Comparing 200 of the theme's 453 threads.Full recordFilings, disclosures and news, newest first
- FY2021-Q1AchievedAnnual report
「The company transferred all of its investment interest in a joint venture developing condominiums in Dalian, China, and recorded an extraordinary gain of ¥11.8 billion.」
The previously approved transfer of all equity interests in 大連青雲天下房地産開発有限公司 was completed, and a gain of ¥11.8 billion was recognized as extraordinary income. - FY2020First statedAnnual report
「The company decided to transfer all of its investment interest in its subsidiary Dalian Qingyun Tianxia Real Estate Development Co., Ltd. to Dalian Jiaguangguangcheng Enterprise Management Center (Limited Liability Partnership), effective 12 June 2020.」
Following a request from the joint venture partner to dissolve the joint venture in Dalian, China, the company decided to transfer all of its 75% investment interest on 12 June 2020. The transfer consideration was RMB 3.03 billion, and the company expected to record a gain on the sale of investment securities of ¥12.293 billion in the fiscal year ending March 2021.