NOL

NOL: Bloomberg reported that Kintetsu World Express will Buy APL Logistics from NOL for around JPY140b. Kinetsu Express shares extend decline after report; fall up to 4.1%, NOL halted

At a sale price of JPY140b (US$1.18b) or 3.7x P/B, NOL stands to reap a net gain of US$866.6m from APL Logistics, which translates to a surplus of US0.334. This will lift its NAV per share to US$1.004 ($1.36). At the current price of $0.99, NOL will be valued at a prospective 0.74x P/B.