CUC Inc. (JP:9158) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
CUC Inc. has announced that its subsidiary, Noah Konzer Co., Ltd., will sell and lease back 14 of its facilities in Sapporo, Hokkaido, as part of a strategy to enhance asset efficiency. This move is expected to generate a capital gain of 100 million yen for the company, with the transaction involving Pj SNOW, LLC, a fund supported by CUC and other investors. The full financial impact will be reviewed and disclosed in due course.
For further insights into JP:9158 stock, check out TipRanks’ Stock Analysis page.