SG Holdings, Hitachi Transport to scrap capital tie-up, Japan magazine says
24/09/2020 06:10
TOKYO, Sept 24 (Reuters) - SG Holdings 9143.T and Hitachi
Transport System 9086.T plan to cancel a more than
four-year-old capital alliance as the tie-up has not produced as
much synergy as expected, Japan's Diamond magazine reported on
Thursday.
Shares of SG Holdings fell 2%, while Hitachi Transport
dropped almost 7%.
(Reporting by Hideyuki Sano; Editing by Clarence Fernandez)
((hideyuki.sano@thomsonreuters.com; +81 3 4563 2768;))
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