SeaPRwire

CapitaLand divests 3 malls, office building for $448.7m

elean
3 minutes

CapitaLand has divested three malls in Japan and an office building in South Korea for a total of $448.7 million, as part of its ongoing portfolio reconstitution strategy, it said yesterday in an exchange filing. The real estate giant also announced it has made its first foray into Japan's logistics sector, entering into a joint venture with Mitsui & Co Real Estate, with CapitaLand as the majority partner, to develop and operate a logistics project in Greater Tokyo. The divested properties in Japan are La Park Mizue and Vivit Minami-Funabashi in Greater Tokyo, as well as Co-op Kobe Nishinomiya Higashi in Greater Osaka, which were sold for a total of 21.99 billion yen (S$283.6 million). It also divested Icon Yeoksam in Seoul for 142.2 billion won (S$165.1 million) in August. The office building was held through a private fund, Ascendas Korea Office Private Real Estate Investment Trust (Reit) 5. CapitaLand remains the asset manager of Icon Yeoksam and will continue to receive fee income. The group said the divestments were done above valuation, and the buyers are unrelated third parties. Post-divestment, CapitaLand will retain $3.8 billion of assets under management (AUM) in Japan an...

JCN Newswire
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Toyota’s Global Sales and Production Up Year-on-Year in September

ruth
3 minutes

Toyota City, Japan, Oct 29, 2020 - (JCN Newswire) - Even in the face of the COVID-19 crisis, which broke out early this year, Toyota has maintained corporate activities by implementing comprehensive measures to prevent infection and working in close cooperation with business partners including suppliers and dealers. In addition to these measures, Toyota has enjoyed the support of customers around the world who use Toyota vehicles, and as a result, in September both global sales and global production recovered and exceeded the previous year's levels.Global Sales- Results in September were driven primarily by sales in the U.S. and China, and global sales were up approximately 2 percent year-on-year.U.S.The market as a whole is trending toward recovery, and sales of the Camry, RAV4, and Lexus brand models were strong, resulting in a 16 percent year-on-year increase.ChinaIn addition to local motor shows and other measures to draw customers to dealers and enhanced measures to secure orders, strong sales of the Corolla, Levin, and other models also had an impact, and as a result, sales were up approximately 25 percent year-on-year, the sixth consecutive month of year-on-year increases.- ...

JCN Newswire
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Toyota: Launch of a Preparatory Committee for “Japan Hydrogen Association (JH2A)”

ruth
3 minutes

Toyota City, Japan, Oct 14, 2020 - (JCN Newswire) - The nine private companies (listed below) that are engaged in the construction and expansion of a hydrogen society announce that they are launching a new preparatory committee called "JAPAN Hydrogen association (JH2A)" to promote the formation of a hydrogen supply chain and global partnerships in the hydrogen sector. With hydrogen anticipated to play an important and central role in curbing global warming, Japan is expected to continue to take the lead globally through innovative steps. By establishing a hydrogen society as well as partnering with various stakeholders, JH2A will look to cultivate the hydrogen industry and promote initiatives toward its development. Working together with other companies, local governments, and organizations who are willing to support such initiatives, the preparatory committee aims to establish a new organization at the beginning of December.Members of the preparatory committee (in alphabetical order) ENEOS Corporation, Iwatani Corporation*, Kawasaki Heavy Industries, Ltd., Kobe Steel, Ltd., MITSUI & CO., Ltd., Sumitomo Mitsui Financial Group, Inc.*, The Kansai Electric Power Company, Inc., Tos...