Chiyoda Acquired Shares of Toyo-Thai Corporation PCL

Mon Dec 13, 2010 11:47pm EST

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Chiyoda Acquired Shares of Toyo-Thai Corporation PCL

Chiyoda Corporation ("Chiyoda")(TOKYO:6366)(ISIN:JP3528600004), Japan's leading engineering and construction firm, today announces that Chiyoda acquired 7% of the total issued shares of Toyo-Thai Corporation Public Company Limited (Head Office: Bangkok, President: Hironobu Iriya) registered on the Stock Exchange of Thailand.

1. Purpose of Transaction:

Through this transaction, Chiyoda intends to facilitate cooperation with Toyo-Thai Corporation Public Company Limited and to further strengthen global operation which is one of the key concepts of Chiyoda's mid-term management plan.

 

2. Information on Stock Transaction

   
(1) Transaction Date : December 13, 2010
(2) Purchase source of the stock : Italian-Thai Development Public Company Limited
(through the Stock Exchange of Thailand, Big Lot Board*)
* negotiation transaction through the market
(3) Number of Shares : 33,600,000
(equivalent to 7% of the totalissued stocks of Toyo-Thai Corporation Public Company Limited)
(4) Price of Stock Purchased: Not disclosed
 

3. Purpose of Stock Holding and Cooperation

  • Engineering, Procurement and Construction (EPC) satellite for small-middle sized projects especially in Thailand and Indochina region
  • Support to enhance Chiyoda's business development in the region
  • Support for Chiyoda's project execution

Chiyoda Corporation
Naoyuki Nakayama, +81-45-506-7538
General Manager
IR & Public Relations Office
URL: http://www.chiyoda-corp.com/en

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