TYO:8976

3 stories mentioning TYO:8976Updated just now

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Daiwa Office Investment for Four-for-One Unit Split

Daiwa Office Investment Corporation's (TYO:8976) board approved a four-for-one investment unit split to improve accessibility for investors, thereby enhancing the liquidity of investment units, according to a Friday filing with the Tokyo bourse.Following the split, the REIT's outstanding investment units will increase to 3.74 million from 934,745, while the total number of investment units authorized will jump to 16 million, the filing said.The four-for-one investment unit split will take effect on Dec. 1, for unitholders of record as of Nov. 30.

TYO:8976

Asia3h ago

Daiwa Office Investment Secures 3 Billion Yen Credit Line with Daiwa Next Bank

Daiwa Office Investment (TYO:8976) said it signed a commitment line agreement with Daiwa Next Bank, securing 3 billion yen for future funding needs while strengthening its financial base, according to a Friday release.The Tokyo-listed company said the unsecured and unguaranteed commitment line will be available from July 31, 2026, through July 30, 2027, replacing an existing 3 billion yen commitment line expiring on July 31.The proceeds will be used for acquisitions of new property and existing debt repayments.

TYO:8976

Asia3h ago

Daiwa Office Investment to Launch 1.5 Billion Yen Investment Unit Buyback

Daiwa Office Investment (TYO:8976) said its board agreed to repurchase up to 7,000 of its own investment units for 1.5 billion yen, according to a Friday release.The Tokyo-listed company said that the acquisition will improve and enhance its capital efficiency and boost returns for unitholders, and the buyback represents 0.75% of its outstanding investment units, excluding treasury units.The repurchases will be conducted through market purchases on the Tokyo Stock Exchange between July 21 and Nov. 12 under a discretionary agreement.

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