Nissan sells Yokohama headquarters for 97 billion yen as part of restructuring
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[TOKYO] Nissan Motor said on Thursday (Nov 6) that it has concluded a 97 billion yen (S$840 million) trust beneficiary rights transfer agreement to sell and leaseback its global headquarters in Yokohama – the second largest city in Japan – as part of business restructuring plans.
Nissan is expected to book about 73.905 billion yen extraordinary income in the current fiscal year from the deal, in which the buyer of the rights is “MJI Godo Kaisha” and the lessor in the lease agreement is Mizuho Trust & Banking, it said in a disclosure. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
