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Closing of real property and business transfer
of Shanghai Daito Trust Construction Co., Ltd.
（Consolidated subsidiary）. |
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Daito Trust Construction Co., Ltd. would like to announce that it completed the transfer of business and real property of Shanghai Daito Trust Construction.This transfer information was released on April 27, 2007.
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１．Profile of the subsidiary
| (1) Company name: |
Shanghai Daito Trust Construction Co., Ltd |
| (2) Location: |
No. 200 Lane 2489 HongQiao Rd ChangNing District
Shanghai China |
| (3) Representative: |
Chairman Katsumi Tada |
| (4) Date of establishment: |
August 14, 1995 |
| (5) Capital: |
487,425(thousands of CNY) |
| (6) Shareholder composition: |
Daito Asia Development Pte Ltd※ owns 100%
※The company is 100% subsidiary of Daito Trust Construction |
| (7) Business: |
Overseas real estate business |
2. Details of property transferred
| (1) Location: |
No. 200 Lane 2489 HongQiao Rd ChangNing District
Shanghai China |
| (2) Property transferred: |
Land and building ownership
Land 117,067�屐 �Building 97,810.83��
（Housing: 47 units, Condominium: 11buildings, facility: 12） |
| (3) Transfer price: |
1,435,771,250 CNY (22,139 million JPY)
By exchange rate of "The Bank of Japan" at December, 2007
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| (3) Book price: |
844,966,822 CNY （13,029million JPY）
By exchange rate of "The Bank of Japan" at December, 2007
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| (5) Transfer profit: |
7.5 million JPY (prospect)
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| (6) Date of Transfer: |
December 13, 2007
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3. Profile of the transferee
| (1) Company name: |
Garden Plaza Capital SRL（※） |
| (2) Location: |
Building No,18 No200 Lane 2489 Hongqiao Rd,
Changning District Shanghai 20335, China |
| (3) Representative: |
Jason Mathew Brown |
(4) No relationship with Daito Trust Construction.
※Established by Goldman Sachs and the real estate fund managed by its
affiliate.
No capital or humane relationship with Daito.
4. Effect to financial result (P/L)
Extraordinary profit of consolidated financial result for the year ending
March 2008 (April 1, 2007〜 March 31, 2008) is estimated to be 7.5 billion.
It has been included in consolidated financial forecasts for the year ending
March 2008 which was release in September 6, 2007.
５．Forecasts and scheduled of dissolution
Dissolution of consolidated subsidiary at late this month of September,
2008. The effect is expected to be minimal.
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| Copyright 2007 Daito Trust Construction Co., Ltd. |
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