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Asia
Heiwa Real Estate REIT Fixes Rate on 1.09 Billion Yen Loan
Heiwa Real Estate REIT (TYO:8966) has entered into an interest rate swap agreement to fix borrowing costs on a 1.09 billion yen loan, according to a Thursday filing on the Tokyo Stock Exchange.The swap, with Daiwa Securities, will effectively set the loan's interest rate at about 2.9% through May 2032, the company said, adding the move is aimed at hedging against rate fluctuations.
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Glarun Technology's Attributable Profit Rises 2.5% in Q1
Glarun Technology's (SHA:600562) attributable profit rose 2.5% to 77.2 million yuan in the first quarter from 75.3 million yuan in the year-ago period, according to a Thursday filing with the Shanghai bourse.Earnings per share at the radar manufacturer stayed flat at 0.06 yuan.Operating income grew 40% year over year to 507.4 million yuan from 363.3 million yuan.
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