off-the-wire

REFILE-BRIEF-Shanghai Yuyuan Tourist Mart To Buy Ski Resort Assets In Japan

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds bullets) Feb 10 (Reuters) - Shanghai Yuyuan Tourist Mart Group Co Ltd :
* SAYS IT PLANS TO ISSUE UP TO 6.0 BILLION YUAN ($881.96 million) WORTH OF BONDS
* SAYS IT AGREES TO BUY PROJECT FIRM NAPIER TOKUTEI MOKUTEKI KAISHA FOR 11 BILLION YEN ($84.62 million) FROM FOSUN INTERNATIONAL LTD
* SAYS NAPIER TOKUTEI MOKUTEKI KAISHA OWNS ASSETS OF SKI RESORTS IN JAPAN'S HOKKAIDO


* SAYS IT AGREES TO BUY FOSUN INTERNATIONAL'S GK KIRORO MANAGEMENT FOR 460.1 MLN YEN


* SAYS IT AGREES TO INVEST FURTHER 4.6 BLN YEN IN NAPIER TOKUTEI MOKUTEKI KAISHA TO BOOST OPERATION OF THE SKI RESORT KIRORO AFTER THE COMPLETION OF THE ACQUISITION
Source text 1


Source text 2
Further company coverage: ($1 = 6.8030 Chinese yuan renminbi) ($1 = 129.9900 yen) (Reporting by Hong Kong newsroom)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.