Asia
Taisei Holds 20.31% Stake as Other Affiliated Company of Heiwa Real Estate
Heiwa Real Estate (TYO:8803) has disclosed that Taisei (TYO:1801) holds 20.31% of its voting rights, classifying it as an other affiliated company under financial regulations, with Heiwa treated as an equity-method affiliate of Taisei.The Heiwa Real Estate Group commissions construction and other services to the Taisei Group and has accepted two secondees from Taisei for redevelopment projects and personnel exchange, according to a Tokyo bourse filing on Wednesday.All transactions are conducted on ordinary commercial terms, and Heiwa maintains its own governance structure without business constraints from Taisei, ensuring sufficient independence.
TYO:1801TYO:8803
