Brief: Wealth Management to buy equity interests in hotel via anonymous association

Wealth Management

28/07/2016 08:01

July 28 (Reuters) - Wealth Management Inc  3772.T : 
     
    * Says it to set up an anonymous association (new hotel 
fund) on July 27 to acquire trust beneficiary rights of target 
hotel (as underlying asset) from current hotel fund for 8.5 
billion yen (including expense) on July 28 
    * Says the co's wholly owned unit RIC holds 39 percent stake 
in WEALTH PARTNERS SINGAPORE PTE. LTD.(WPS) and WPS holds the 
current hotel fund  
     
    Source text in Japanese: https://goo.gl/dh1s5t 
    Further company Coverage:  3772.T  
 
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