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6889 — Dynam Japan Holdings News Story

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Brief: Dynam Japan's Unit To Sell Aircraft To SAIL For US$65.2 Million

BRIEF-Dynam Japan's Unit To Sell Aircraft To SAIL For US$65.2 Million

- Dynam Japan Holdings Co Ltd 6889.HK:

  • UNIT TO SELL AIRCRAFT TO SAIL FOR US$65.2 MILLION

  • DELIVERY EXPECTED ON OR BEFORE DEC 31, 2026

  • DISPOSED ASSET IS AIRBUS A321-271NX WITH NET CARRYING VALUE US$65.1 MILLION

  • GROUP EXPECTS OPERATING PROFIT OF US$1.5 MILLION FROM AIRCRAFT PRIOR TO DELIVERY

  • NO MATERIAL GAIN OR LOSS EXPECTED ON DISPOSAL

  • EXPECTED THAT 70% OF NET PROCEEDS BE UTILIZED TO REPAY BORROWINGS; BALANCE FOR AIRCRAFT BUSINESS


Further company coverage: 6889.HK


((Reuters.Briefs@thomsonreuters.com))

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