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Bullet train operator's IPO appeal boosted by Japanese real estate

Planned 392b yen sale of JR Kyushu is seen drawing interest for firm's various businesses

Sat, Sep 17, 2016 - 5:50 AM

Tokyo

JAPAN's bullet train operators are finding it also pays to run hotels, shops, restaurants and own real estate. A planned 392 billion yen (S$5.3 billion) sale of Kyushu Railway Co, also known as JR Kyushu, by the government in an initial public offering (IPO) may draw investor...

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