Brief: Honda Motor Co Ltd After Acquiring 100% Of Yachiyo Shares, Honda Plans To Transfer Yachiyo Shares Equivalent To 81% Of The Voting Rights To Smrc Automotive Holdings Netherlands B.V (Motherson), A Group Company Of Samvardhana Motherson International Limited

Yachiyo Industry Co

04/07/2023 12:23

July 4 (Reuters) - Honda Motor Co Ltd  7267.T :
    * HONDA MOTOR CO LTD: NOTICE CONCERNING SCHEDULED START OF
TENDER
OFFER FOR YACHIYO INDUSTRY SHARES
    * HONDA MOTOR CO LTD: DECIDED TO ACQUIRE THE SHARES OF
YACHIYO
THROUGH A PUBLIC TENDER OFFER FOR THE PURPOSE OF MAKING YACHIYO
A WHOLLY OWNED SUBSIDIARY OF HONDA
    * HONDA MOTOR CO LTD:  AIMS TO COMMENCE THIS PUBLIC TENDER
OFFER
AROUND OCTOBER 2023
    * HONDA MOTOR CO LTD:  TO SPEND 16.6 BILLION YEN TO ACQUIRE
YACHIYO
    * HONDA MOTOR CO LTD:  TO PAY 1,390 YEN PER SHARE FOR
YACHIYO
SHARES
    * HONDA MOTOR CO LTD:  PLANS TO BUY REMAINING 49.6% STAKE IN
YACHIYO
    * HONDA MOTOR CO LTD: AFTER ACQUIRING 100% OF YACHIYO
SHARES,
HONDA PLANS TO TRANSFER YACHIYO SHARES EQUIVALENT TO 81% OF THE
VOTING RIGHTS TO SMRC AUTOMOTIVE HOLDINGS NETHERLANDS B.V
(MOTHERSON), A GROUP COMPANY OF SAMVARDHANA MOTHERSON
INTERNATIONAL LIMITED

Source text for Eikon:  ID: 
Further company coverage:  7267.T 

 (Reporting by Tokyo Newsroom)
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