Meifeng Enterprise <8927> announced on the 20th that it has transferred the investment rental property Mihas series 'Mihas Higashi Shinjuku 2' located in Okubo, Shinjuku-ku, Tokyo.

The property is a 3-story joint residence (9 units) with a site area of 257.35 square meters (registered area) and a total floor area of 399.95 square meters, made of steel frames. It is a 2-minute walk from Toei Oedo Line and Tokyo Metro Fukutoshin Line 'Higashi Shinjuku' station.

The selling price is less than 30% of the consolidated net assets as of the end of July 2024 and less than 10% of the consolidated revenue of the company. Additionally, the gain from the sale is less than 30% of the net income attributable to the parent company shareholders. There are no capital relationships, personnel relationships, and transaction relationships that should be disclosed between the company and the buyer.