||Notice about securitization of loan by Lehman Brothers
|Daito Trust Construction Co., Ltd. has provided affiliated loan with Lehman
Brothers Group to owners who construct a lease building since September,
2001. From September 15, 2008, the media reports Lehman Brothers collapses,
but we think its effect is slight for our customer and Daito and there
aren't significant interfering factors. To this loan user Daito set a place
utmost priority on protecting our owners and of offering services as follows.
1. Already loaned case
The number of Lehman Brothers loan is 1,874, (\236.1 billion), among
then the number of securitization (Assignment of an obligation to particular
purpose company) is 1,812 cases, (\236.3 billion). All loan provisos remain
in the same as first condition when made a contract whether they are already
securitized and scheduled.
Daito repay by proxy of users transfer outstanding to the Loan collection
control company (Loan collection control company: Not Lehman Brothers Group)
in behalf of users from rent income. We are going to pay back ongoing without
2 For loan scheduled case
The number of this loan before and under construction is 36 (approximately \7.0 billion) under construction and planed. To customers who are to use this loan, we are going to introduce alternatives loan in other financial institutions immediately.
3. Effects for our orders received and performance
The number of this affiliated loan is considerable declined since
last year cause of deterioration of market. Therefore we think there are
slight impacts for our business orders received.
Also, for in course of construction case, we are going to introduce
alternative loan by other financial institutions soon. So, we estimate
little or no effect to our business performance.
|Copyright 2008 Daito Trust Construction Co., Ltd.