FINWIRES · TerminalLIVE
FINWIRES

Dear Life to Acquire Five-Floor Property in Tokyo

By

Dear Life (TYO:3245) said it agreed to acquire an 895.99-square-meter, five-floor income-producing property in Arakawa-ku, Tokyo, Japan, according to a Friday filing on the Tokyo Stock Exchange.

The Japan-based real estate company said the acquisition is funded through a combination of internal capital and borrowings and includes condominium space.

The property is bought from an unnamed buyer at an undisclosed price, and the transaction is expected to have a minimal impact on its consolidated financial results for the fiscal ending September 30.

Related Articles

Asia

Helens International Unit Loses Appeal Over China Trademark Dispute; Shares Slip 5%

Helens International (HKG:9869) said a Beijing court invalidated three Chinese trademarks owned by an indirect wholly owned subsidiary after overturning a lower court ruling in the company's favor, according to a Thursday Hong Kong bourse filing.The court ruled that the trademarks were similar to earlier-registered trademarks owned by third parties and, therefore, invalid under China's trademark law.Helens said it is seeking legal advice and will consider all available measures to protect its interests. The company added that the dispute has no material impact on its business, operations, or financial position.Hong Kong-listed shares of the bar operator were down over 5% in Friday morning trade.

HKG:9869SGX:HLS
Asia

ZGC Sci-tech Enters Leaseback Arrangement Over Power Generation Facilities

Zhongguancun Science-Tech Leasing (HKG:1601) said it entered into two sale and leaseback agreements with Shandong Xuguo Energy, according to a Hong Kong bourse filing Thursday.In both deals, the company will separately acquire power generation facilities for 45 million yuan and lease them back to Shandong Xuguo Energy for 47 million yuan.The lease agreements will last for a year.

HKG:1601
Asia

Serial Achieva Bags Data Center Project in Malaysia

Serial Achieva (SGX:XHV) secured a co-location services contract in Malaysia, to provide data center capacity and related facilities to a local cloud services provider, according to a Thursday filing with the Singapore Exchange.The contract is valued at around 17.8 million ringgit and has a three-year initial term.Shares of the consumer and enterprise IT products company were up nearly 2% in Friday trading.

SGX:XHV