UNOFFICIAL TRANSLATION The official press release is in Japanese.
Company Name: FinTech Global Incorporated
Representative: | Nobumitsu Tamai, President and CEO |
Stock Listing: | Tokyo Stock Exchange Mothers Section |
Stock Code: | 8789 |
Inquiries: | Takashi Senda, |
Member of the Board, Senior Executive Officer | |
Tel: | +81-3-6456-4600 |
(Progress on Disclosed Item)
Notice regarding construction contract on work related to special interior and exterior features at Moominvalley Park
February 9, 2018-The capital investment plan covering special interior and exterior features at Moominvalley Park was described in "Notice concerning transfer of Moominvalley Park site, capital investment plan and borrowing of funds as well as subsidiary transition," released July 12, 2017. Today, the Board of Directors at FinTech Global Incorporated (hereafter, "FGI" and "the Company") gave its approval for Moomin Monogatari, Ltd. (hereafter, "Moomin Monogatari"), a subsidiary of the Company, to sign a construction contract for work on interior and exterior features (target of construction: movable property) at Moominvalley Park. Also at this time, FGI gives notice that FinTech Asset Management Incorporated (hereafter, "FAM"), which maintains a service agreement with Hanno Local Resource Utilization LLC on management of Moominvalley Park, will sign a construction contract (target of construction: real estate) for special interior and exterior features at Moominvalley Park. Details are provided below.
Details
1. Background
Special know-how pertaining to design and construction is required to create several attractions and the museum at Moominvalley Park. Nomura Co., Ltd., was asked to design special interior and exterior features at Moominvalley Park to give tangible shape to the park concept conceived through efforts hinging on Moomin Monogatari, and the company moved forward on this request. Now, the Board has agreed that this same company will be contracted to construct these interior and exterior features.
Note that there are two separate contracts for interior and exterior feature-related construction work by Nomura. The one signed with Moomin Monogatari, which is the likely operator of Moominvalley Park, is for work on movable property. The one signed with Hanno Local Resource Utilization is related to real estate.
2. Content of Construction Contract
Content | Construction work related to special interior and exterior features at Moominvalley Park |
Start | February 15, 2018 (planned) |
Completion and delivery | January 31, 2019 (planned) |
Construction cost | Moomin Monogatari: ¥942 million Hanno Local Resource Utilization LLC: ¥1,125 million (The above amounts are payments for construction work under the construction contract (excluding consumption tax), and the cost of design is not included. |
3. Signing Party in Construction Contract
Name | Nomura Co., Ltd. | |
Address | 3-4, Daiba 2-chome, Minato-ku, Tokyo | |
Name and title of representative | Shuji Enomoto, President & CEO | |
Business activities | Research, consulting, planning, design, layout, creation and construction to build visitor-attracting environments, as well as services to revitalize, operate and manage various facilities and events | |
Paid-in capital | ¥6,497 million | |
Date of establishment | December 1942 | |
Relationships with FGI | Capital relationship | Not applicable |
Personnel relationship | Not applicable. | |
Business relationship | The company is designing special interior and exterior features at Moominvalley Park. |
4. Schedule for Construction Contract
Resolution by FGI Board of Directors Approval at FAM | February 9, 2018 |
Signing of construction contract | February 15, 2018 (planned) |
5. Outlook
The impact of this contract on business results is minor.
Note that in "Notice concerning transfer of Moominvalley Park site, capital investment plan and borrowing of funds as well as subsidiary transition," released July 12, 2017, the anticipated cost of special interior and exterior features at Moominvalley Park was reported to be about ¥2.5 billion. But even with plans by Moomin Monogatari, Ltd., to sign construction contracts with three companies for work on special interior and exterior features other than that described above, for a combined contract amount of ¥180 million, total investment for special interior and exterior features will likely reach ¥2.25 billion.
END
FGI - FinTech Global Inc. published this content on 19 February 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 19 February 2018 04:50:02 UTC.
Original documenthttp://www.fgi.co.jp/archives/002/201802/5a8a54590840e.pdf
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