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Toyota, affilites to offload some $1 billion in Aisin shares

Channel News Asia LogoChannel News Asia2d ago

Toyota, affilites to offload some $1 billion in Aisin shares - Channel News Asia

Quick Summary:

TOKYO :Toyota Motor and two affiliates will sell 33.9 million shares in group supplier Aisin, the companies said on Thursday, a deal worth 177.5 billion yen ($1.11 billion) as of the latest stock price.

It intends to review its capital ties with other group companies on a one-by-one basis, it said in its statement.

Toyota has been looking to cash in on stakes in affiliates as it steps up development and production of battery-powered vehicles.


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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-27 @ 15:47:03 (2 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 332 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 21400508

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About Channel News Asia

Channel News Asia Logo

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 4 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 9 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

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