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Article: JAPAN NATIONAL RAILWAY LIQUIDATOR TO SELL JR EAST SHARES.

Article from:
AsiaPulse News
Article date:
June 18, 2002
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TOKYO, Jun 18 Asia Pulse - JRCC-Japan National Railway Settlement Headquarters, a division of Japan Railway Construction Public Corp. and in charge of liquidating the former Japan National Railways' accumulated debts, announced it has decided to sell its shareholdings in East Japan Railway Co. (TSE:9020) at 532,000 yen per share.

The third round of sales of JR East shares by the government-affiliated corporation will total 500,000 shares - 360,000 in Japan and the rest in overseas markets. The move will mark the complete privatization of the railway company.

The sales price is down 3 per cent from JR East's closing price on Monday of 549,000 yen ...

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