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Star Asia Announces Merger and Lease Agreement Succession

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Star Asia Announces Merger and Lease Agreement Succession

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An announcement from Star Asia Investment Corp. ( (JP:3468) ) is now available.

Star Asia Investment Management Co., Ltd. announced a merger involving its specified related company, KOKO HOTELS CO., LTD., with Polaris Holdings Co., Ltd. as the surviving entity. This change will result in Polaris Holdings succeeding the lease agreements for 16 hotel properties, but it will not impact the operating results forecasts for the upcoming fiscal periods.

More about Star Asia Investment Corp.

Star Asia Investment Corporation operates as a Real Estate Investment Trust (REIT) focusing on managing and leasing real estate assets. The company is supported by Star Asia Investment Management Co., Ltd., which handles asset management. The corporation is involved in leasing transactions that significantly contribute to its operating revenues.

Average Trading Volume: 6,327

Technical Sentiment Signal: Buy

Current Market Cap: Yen168.5B

Find detailed analytics on 3468 stock on TipRanks’ Stock Analysis page.

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