Daito Trust Construction announces new specified subsidiary KME PROP REAL ESTATE
Daito Trust Construction Co., Ltd. announced the establishment and investment in KME PROP REAL ESTATE L.L.C on July 18, 2025. This is a joint venture with KME INVESTMENT & MANAGEMENT L.L.C, a wholly-owned subsidiary of Kasumigaseki Capital Co., Ltd. The investment, executed in August 2025, aims to develop real estate in Dubai.
KME PROP REAL ESTATE L.L.C, established on June 12, 2025, has a capital of UAE 115,820 thousand, with Daito Trust Construction holding a 95% stake (UAE 110,029 thousand). The capital investment represents over 10% of Daito Trust Construction's capital, thus classifying KME PROP REAL ESTATE L.L.C as a specified subsidiary.
The company apologized for the delayed disclosure of this information, stating that the impact of this change on consolidated results for the current fiscal year is expected to be minimal.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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