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TKP Corp (3479.T)

3479.T on Tokyo Stock Exchange

4,760JPY
19 Jul 2019
Change (% chg)

¥95 (+2.04%)
Prev Close
¥4,665
Open
¥4,805
Day's High
¥4,855
Day's Low
¥4,725
Volume
99,900
Avg. Vol
172,041
52-wk High
¥5,920
52-wk Low
¥3,000

Latest Key Developments (Source: Significant Developments)

IWG Says Completes Divestment Of Japanese Operations To TKP
Friday, 31 May 2019 

May 31 (Reuters) - IWG Plc ::COMPLETION OF STRATEGIC PARTNERSHIP TRANSACTION.DIVESTMENT OF ITS JAPANESE OPERATIONS TO TKP COMPLETED ON 31 MAY 2019.TKP HAS EXCLUSIVE RIGHTS TO USE OF REGUS, SPACES AND OPENOFFICE BRANDS IN JAPAN.  Full Article

IWG Plc Enters Into Strategic Partnership With TKP Corp In Japan
Monday, 15 Apr 2019 

April 15 (Reuters) - IWG Plc ::STRATEGIC PARTNERSHIP TRANSACTION IN JAPAN.ENTERED INTO A STRATEGIC PARTNERSHIP WITH TKP CORPORATION IN JAPAN.IWG WILL DIVEST ITS JAPANESE OPERATIONS TO TKP.PARTIES HAVE AGREED AN EXCLUSIVE MASTER FRANCHISE AGREEMENT FOR COUNTRY.IWG WILL RECEIVE GROSS CONSIDERATION OF £320 MILLION PAYABLE IN CASH.IWG AND TKP HAVE ENTERED INTO A DEFINITIVE SALE AND PURCHASE AGREEMENT IN RELATION TO 100% OF SHARES OF REGUS JAPAN HOLDINGS K.K..DEAL COMPLETION IS EXPECTED TO OCCUR IN MAY 2019.IWG AND TKP HAVE ALSO ENTERED INTO A LONG TERM MASTER FRANCHISE AGREEMENT.UNDER MASTER FRANCHISE AGREEMENT, IWG (AS MASTER FRANCHISOR) HAS COMMITTED TO PROVIDE ON-GOING SERVICES AND SUPPORT TO TKP.DIVESTED BUSINESS CONTRIBUTED £94.4 MILLION TO GROUP REVENUE AND GENERATED EBITDA OF £20.6 MILLION IN 2018.TOTAL GROSS ASSET VALUE OF DIVESTED BUSINESS AS AT 31 DECEMBER 2018 WAS £98.3 MILLION..IWG PLC - PROCEEDS FROM DIVESTMENT WILL BE USED FOR GROUP'S GENERAL CORPORATE PURPOSES.IWG PLC - MARK DIXON WILL JOIN BOARD OF DIRECTORS OF TKP AS A NON-EXECUTIVE DIRECTOR.TRANSACTION CONSTITUTES A CLASS 2 TRANSACTION FOR PURPOSES OF UK FINANCIAL CONDUCT AUTHORITY'S LISTING RULES.  Full Article

TKP acquires property for 1.3 bln yen
Friday, 16 Feb 2018 

Feb 16 (Reuters) - TKP Corp <3479.T>:Says it acquired Tokyo-based property for 1.3 billion yen on Feb. 16 .  Full Article

TKP to buy two plots of land in Fukuoka
Thursday, 28 Dec 2017 

Dec 28 (Reuters) - TKP Corp <3479.T> ::Says it plans to acquire two plots of land located in Fukuoka prefecture on Jan. 31, 2018, at 2.40 billion yen in total.  Full Article

TKP to set up Osaka-based hotel
Wednesday, 13 Dec 2017 

Dec 13 (Reuters) - TKP Corp <3479.T>:Says it will start to set up an Osaka-based hotel, with construction costs of about 1.53 billion yen, from December .  Full Article

TKP says business and capital alliance with Otsuka Kagu
Monday, 6 Nov 2017 

Nov 6 (Reuters) - TKP Corp <3479.T>:Says it signed business and capital alliance agreement with Otsuka Kagu Ltd <<<8186.T>>> on Nov. 6 .Says two entities will mainly cooperate on product supply, customer introduction and conference room related rental business .Says it will acquire 1.3 million shares (6.7 percent stake) of Otsuka Kagu Ltd for 1.05 billion yen in total, effective Nov. 21 .  Full Article

PRESS DIGEST- British Business - April 16

April 16 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.