Unizo Holdings to Reduce Capital to 100 Million Yen, Inherit Unizo Hotel’s Real Estate Management Business

Unizo Hotel

Unizo Holdings has announced a capital reduction to 100 million yen.

The reduction of 31.9 billion, 622 million, 843 thousand, 339 yen will be effective as of February 20. The resolution was concluded at a general meeting of shareholders on January 17. In addition, it will inherit the Unizo Hotel’s real estate management business through an absorption-type split.

NHK reported on November 28, 2023, that the domestic hotel business is undergoing revitalization with support from the American investment fund KKR, while the overseas business is being liquidated. Read the full story here.

This article was generated using automatic translation by GPT-4 API.
The translation may not be accurate.