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TYO:2972

3 stories mentioning TYO:2972Updated 42d ago

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Asia

Sankei Real Estate Secures Up to 1.50 Billion Yen Credit Loan

Sankei Real Estate (TYO:2972) said it signed an uncommitted line of credit loan master agreement with Mizuho Bank for up to 1.50 billion yen, according to a Thursday filing on the Tokyo Stock Exchange.The agreement, scheduled to take effect on May 11, 2026, and run through May 2027, renews an existing facility that expires on May 9, 2026.Sankei Real Estate will use the credit line to maintain funding flexibility, including for asset acquisitions and debt repayment, it said.

TYO:2972
Asia

Sankei Real Estate to Reduce Capital Without Compensation

Sankei Real Estate (TYO:2972) will reduce unitholders' capital without compensation to offset losses tied to an impairment on a property, according to a Tuesday filing on the Tokyo Stock Exchange.The real estate investment trust will deduct 4.01 billion yen in undisposed losses for the fiscal period ended February 2026 from unitholders' capital.The move follows the recognition of an impairment loss on the Fukuoka Green Building and aims to prevent the loss from being carried forward, allowing the REIT to resume profit distributions from the fiscal period ending August 2026.The capital reduction will not involve any cash refund and will not change the number of issued investment units.

TYO:2972
Asia

Sankei Real Estate Pushes Tender Offer Deadline to May 18

Sankei Real Estate ()TYO:2972 will extend the tender offer period for its units to May 18 while keeping the offer price at 125,000 yen per unit, according to a Tuesday filing on the Tokyo Stock Exchange.The extension will delay the timeline for planned squeeze-out procedures to make the offerors the sole unitholders, though the amount to be delivered per unit will remain unchanged.Settlement of the tender offer is scheduled to begin on May 25, while the payment date for the squeeze-out process has yet to be determined. The REIT also said it will not pay a distribution for the fiscal period ended February 2026.

TYO:2972

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