The board of directors of the Japanese group Kawasaki
Kisen Kaisha, Ltd. has decided to liquidate "K" Line Finance (Netherlands) B.V.,
its wholy-owned finance subsidiary based in Amsterdam.
The subsidiary had been engaged in capital subscription and loan to
foreign affiliates of "K" Line, primarily in Europe, to respond to their demand
for funds.
"K" Line said that it is winding up the Dutch subsidiary as
part of a plan to streamline, and eliminate duplication in, overseas financing operations
within the group.
By dissolving the subsidiary, "K" Line will incur an
estimated loss on liquidation of Yen2.3 billion ($120 million), due to be recognized as an
extraordinary loss in the interim financial statement of the fiscal year ending March 31,
2000.
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The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now