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Passenger Transportation, Ground & Sea

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West Japan Railway to buy 70 pct stake in unit of Mitsubishi Heavy Industries

Monday, 31 Oct 2016

West Japan Railway Co <9021.T> : Says co plans to acquire a 70 percent stake in a Tokyo-based real estate agency (target company) which is the sub-subsidiary of Mitsubishi Heavy Industries Ltd <7011.T>, on Feb. 1, 2017 . Says transaction amount is 97 billion yen . Mitsubishi Heavy Industries plans to spin off real estate and related business to the target firm effect on Jan. 1, 2017 .Co will hold a 70 percent stake in the target company up from 0 percent.

Tokyu plans merger with real estate agency unit

Wednesday, 27 Jul 2016

Tokyu Corp <9005.T> : Says it plans to merge with its wholly owned subsidiary which is engaged in real estate business, effective on Oct. 1 .Says the unit to be dissolved after the transaction.

East Japan Railway to take over point service from unit

Tuesday, 17 May 2016

East Japan Railway Co <9020.T> : Says it plans to take over point service in Sendai from its Miyagi-based 96.56 percent owned unit which is engaged in construction, managemet and operation of station buildings .Says effective date is Feb. 15, 2017.

Hiroshima Electric Railway to merge with unit

Monday, 25 Jan 2016

Hiroshima Electric Railway Co Ltd:To merge with its wholly owned Hiroshima-based subsidiary which is engaged in real estate related business and system development business, effective on April 1.Says the subsidiary to be dissolved after the transaction.

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