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Japanese duo warn of impairments on stakes in Emas Chiyoda Subsea
NYK Line provides for Q3 extraordinary loss of 13b yen for its 25% holding; Chiyoda expects downward revision to FY forecast over its 35% stake
Published Tue, Jan 31, 2017 · 09:50 PM
Singapore
CHIYODA Corp and NYK Line on Tuesday issued warnings of one-time writedowns against their stakes in Emas Chiyoda Subsea (ECS), a joint venture with Singapore-listed Ezra Holdings.
NYK Line said an extraordinary loss of about 13 billion yen (S$162 millio…
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