TOKYO, Jun 24 (Pulse News Wire) – Zenland,inc. (358A.T) announced today that its board of directors has approved a loan agreement aimed at acquiring real estate properties for sale.
The transaction involves borrowing funds from Shinshu Bank, with the total amount of the loan being ¥52 million. Key details of the financing arrangement include: - Borrowing entity: Shinshu Bank - Loan execution date: June 24, 2026 - Loan term: One year - Interest rate: Variable rate based on one-month TIBOR plus spread - Security: Secured The targeted property is located in Tokyo To Adachi Ku.
ZenLand expects the impact of this borrowing on its fiscal quarter ending September 2026 to be minor. The company stated it will promptly disclose any further significant developments related to this transaction.
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