SANIX Offers Notice Regarding Transfer of Assets.Fukuoka Fukuoka (f  k `ōkä), city (1990 pop. 1,237,062), capital of Fukuoka prefecture, N Kyushu, Japan, on Hakata Bay. , Japan, Sept 20, 2005 - (JCN JCN Japan Corporate NewsJCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - Sanix Inc. (Ticker ticker An automated quotation system on which security transactions are reported after they occur on an exchange floor. Even though the newer systems are electronic and no longer actually tick, the name of the old mechanical device has stuck. : 4651, TSE/OSE/FSE, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. : Shin-ichi Munemasa) announces that the Company decided to transfer the following asset. 1. Description of Transfer
(1) Asset to be transferred: The trust beneficiary rights of real estate
(Trustee: The Sumitomo Trust & Banking
Co., Ltd.)
(2) Name of Asset: Sanix Hakata Building
(3) Book value: 4,547,000,000 yen
(4) Transfer value: 4,400,000,000 yen
(5) Date of transfer: September 30, 2005
(6) Transferee: Fukuoka REIT
2. Reason of Transfer As a part of rationalization rationalization, in psychology: see defense mechanism. of management and improvement of composition of finances, the Company has decided to liquidate To pay and settle the amount of a debt; to convert assets to cash; to aggregate the assets of an insolvent enterprise and calculate its liabilities in order to settle with the debtors and the creditors and apportion the remaining assets, if any, among the stockholders or owners of the and transfer the Sanix Hakata Building for the purpose of recovering invested capital to use for future business funds. Please note that Sanix will continue to rent the portion of the Building that it has been using. 3. Content of asset to be transferred
Type of asset: The trust beneficiary rights of real estate
Location: 2-1-23 Hakataeki Higashi, Hakata Ward,
Fukuoka City
Building Structure/
Number of stories: Steel-framed, partially steel reinforced
concrete eight-story building with a flat
roof and one-story basement
Date of construction: March 31, 2001
Total floor area: 8,111.25m2 (see note 1)
Purpose: Offices, banks, retail premises
Property area: 1,385.89m2 (see note 1)
Zoning: Building land
Floor-Area Ratio: 100%
Building-to-Land Ratio: 600%
(Note 1) Both areas listed above are based on the areas stated in the registry The configuration database in all 32-bit versions of Windows that contains settings for the hardware and software in the PC it is installed in. The Registry is made up of the SYSTEM.DAT and USER.DAT files. Many settings previously stored in the WIN.INI and SYSTEM. . 4. Description of Transferee
Business Name: Fukuoka REIT
Address of the Head Office: Canal City Business Center BLDG.,1-2-25
Sumiyoshi, Hakata, Fukuoka
Representative: Masatoshi Matsuo, Executive Officer
Total Investments: 49,167,800,000 yen
Principal Business Description: Japanese Real Estate Investment Trust
(J-REIT)
Capital Ties etc. with Sanix: None
5. Impact on Business Performance With the transfer of the above asset, the Company plans to declare TO DECLARE. To make known or publish. By tho constitution of the United States, congress have power to declare war. In this sense the word, declare, signifies, not merely to make it known that war exists, but also to make war and to carry it on. 4 Dall. 37; 1 Story, Const. Sec. an extraordinary loss of 147 million yen in the half-year settlement in March of 2006. Copyright [c] 2005 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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