Brief: Hino Motors: To Transfer 39.72% Out Of Its 50% Stake In China JV GAC Hino For About 700 Million Yen

Archion

25/01/2024 04:35

Jan 25 (Reuters) - Hino Motors Ltd  7205.T :
    * HINO MOTORS LTD - NOTICE OF EQUITY TRANSFER AND CAPITAL
INCREASE
LEADING TO A CHANGE IN AN EQUITY-METHOD AFFILIATE
    * HINO MOTORS - TO TRANSFER 39.72% OUT OF ITS 50% STAKE IN
CHINA
JV GAC HINO FOR ABOUT 700 MILLION YEN
    * HINO MOTORS - STAKE IN GAC HINO WILL BE LOWERED TO 4.83%
AFTER
THIS TRANSFER
    * HINO MOTORS - WILL KEEP SUPPORTING GAC HINO AS MINORITY
SHAREHOLDER AND KEEP SUPPLYING VEHICLES OF HINO BRAND AND
AFTER-SALES SERVICES TO CHINESE MARKET

Source text for Eikon:  ID:nTSmy7eb43 
Further company coverage:  7205.T