Tokyo Gas to boost capital efficiency with asset sales, president says

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Tokyo Gas to boost capital efficiency with asset sales, president says - Channel News Asia

Quick Summary:

TOKYO : Tokyo Gas aims to enhance capital efficiency by selling underperforming assets, including real estate, its president said on Thursday, following a filing disclosure of a 5 per cent stake investment by U.S.activist investor Elliott Management.Elliott has taken a 5.

A natural gas pipeline and the Tokyo gas logo are seen in this illustration taken January 4, 2023.

"Some real estate assets are making a good profit contribution, but we may review and sell some underperforming real estate," Sasayama said, without providing any further details.