KOSAIDO Holdings Co.,Ltd. [7868.T]
TOKYO, May 21 (Pulse News Wire) – Kosaido Holdings CO.,LTD. (7868.T) denied reports published today by FACTA, a web media outlet, suggesting plans to sell its wholly-owned subsidiary, Tokyo Hoshoen Co., Ltd.
According to the company, the reported information was not disclosed by Kosaido Holdings and there are currently no firm intentions to sell Tokyo Hoshoen. In a statement, Kosaido Holdings emphasized that while various strategies aimed at enhancing corporate value have been considered, including potential sales of subsidiaries such as Tokyo Hoshoen, no definitive decisions have been made at this time.
The company assured stakeholders that should any further developments warrant disclosure, they would promptly communicate such information.
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