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4Cs HD surges for third straight day on solar land, rights sale
4Cs HD Co Ltd <3726> surged for a third straight session. After the close on the 16th, the company announced it signed a contract with Tokyo-based DMM.com to transfer land and rights for 20 solar power facilities, which has been viewed as a positive catalyst.
The divestment aims to improve asset efficiency and optimize the business portfolio. The transaction is expected to generate sales of 7.618 billion yen and an operating profit of 909 million yen. 4Cs HD is currently assessing whether to revise its earnings forecast based on the deal's impact.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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