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Asia
FP Receives 12.2 Billion Yen in Dividends From Units
FP (TYO:7947) received 12.2 billion yen in dividends from eight consolidated subsidiaries, according to a Monday filing on the Tokyo Stock Exchange.The company recorded the dividends as non-operating income in its non-consolidated financial statements for the fiscal year ended March.
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Asia
Dialog Closes Divestment of Dialog Diyou PCR
Dialog Group (KLSE:DIALOG) completed the disposal of Dialog Diyou PCR via its unit Dialog Chemicals, according to a Friday Malaysian bourse filing.Shares gained about 3% on Monday's close.Earlier, Dialog Chemicals, and partner Diyou PCR, agreed to sell their entire stakes in Dialog Diyou PCR to Ocean Fund, and Circulate Capital Ocean Fund I-B. The disposal involves a nominal cash consideration of 1 ringgit each for the sellers, while the purchaser will inject $8.5 million into the company to fully repay its bank loans.Dialog said the disposal is part of its strategy to refocus on core energy businesses.
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Asia
Nippon Building Fund to Refinance 6 Billion yen in Short-Term Debt
Nippon Building Fund (TYO:8951) will refinance 6 billion yen in short-term borrowings to repay debt maturing in April, according to a Monday filing on the Tokyo Stock Exchange.The REIT will borrow 4 billion yen from Sumitomo Mitsui Trust Bank and 2 billion yen from Resona Bank, with both loans set for lump-sum repayment by May 29. The borrowing will carry an interest rate of about 0.981%.The proceeds will be used entirely to refinance existing short-term borrowings due in April.
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