ICTSI Not Renewing Japan Port Lease

International Container Terminal Services Inc. (PSE: ICT) is not renewing the lease at the Naha port in Okinawa, Japan that is set to expire at the end of the year.

ICTSI director for treasury Arthur Tabuena said in a disclosure to the Philippine Stock Exchange (PSE) that the company has sold its 90,000, shares, representing 60% of the total outstanding capital stock of Naha International Container Terminal Inc. (NICTI) at 1,189 yen per share for a total of 105.3 million yen per share.

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Source: The Philippine Star

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