Source disclosure: January 30, 2026
Star Asia Investment Corporation [3468.T]
TOKYO, Jan 30 (Pulse News Wire) – Star Asia Investment Corporation (3468.T) announced today that it has terminated its loan agreement related to certain preferred equity securities held from GSA TMK, effective January 30, 2026. The decision follows GSA TMK's sale of the underlying property, HAKUSAN HOUSE.
Repayment of the securities is expected during the fiscal year ending July 2026, though the exact date remains undetermined. The trust acquired the securities for ¥1,562,569,919 on January 11, 2023. Under the original agreement, Star Asia received monthly interest payments calculated based on the securities' purchase price and an agreed rate.
However, with the termination of the loan, future distributions will cease until the final repayment. In addition, the asset management firm, Star Asia Investment Advisers Co., Ltd., adhered to internal conflict-of-interest policies while making the decision to terminate the agreement. Despite SATGK not being classified as a significant related party under legal definitions, it was deemed a related entity due to its connection through the asset manager’s regulations.
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