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Loadstar Capital Secures Loans for Hotel Acquisitions

Loadstar Capital Secures Loans for Hotel Acquisitions

Loadstar Capital KK (JP:3482) has released an update.

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Loadstar Capital K.K. has announced the borrowing of funds to acquire six hotels operated by Hiramatsu, Inc., following its investment in LD1 Godo Kaisha, which will become a consolidated subsidiary. The loans, totaling over 17 billion yen from various financial institutions, will have a minor impact on the company’s business performance for the fiscal year.

For further insights into JP:3482 stock, check out TipRanks’ Stock Analysis page.

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