West Japan Railway Co (9021.T)
22 Jan 2018
Latest Key Developments (Source: Significant Developments)
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. Full Article
West Japan Railway Co <9021.T> : Says the co signed a capital and business alliance agreement with Nippon Signal Co Ltd <6741.T> on Aug. 30 . The co plans to acquire 2.1 million shares (equivalent to 3.0 percent of total outstanding shares) in Nippon Signal .Nippon Signal plans to buy 49.0 percent stake in Tetsuden Co Ltd which is the subsidiary of the co's. Full Article
West Japan Railway Co <9021.T> : Says Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "AA" .Says rating outlook stable. Full Article
West Japan Railway Co <9021.T> : Says it appoints Seiji Manabe who is current president of the company as new chairman of the board . Says it appoints Tatsuo Kijima as new president to succeed Seiji Manabe .Says changes will occur on June 22. Full Article
Nov 6 Kobe Steel Ltd's tampering with specifications has led to a scramble among the 525 customers currently affected to check the safety of their cars, planes, trains and other products.