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Janome Sewing Machine Co Ltd Transfers Stake in Thailand-based Subsidiary to Taiwan-based Subsidiary

Thursday, 23 May 2013 03:00am EDT 

Janome Sewing Machine Co Ltd announced that it has decided to transfer 4,680,000 shares of its Janome (Thailand) Co., Ltd's stock, to Janome Taiwan Co., Ltd. for THB 248 million, on May 30, 2013. After this, the Company will hold a 5.9% stake in Janome (Thailand) Co., Ltd, down from 59.1%, and Janome Taiwan Co., Ltd. will hold a 59.1% stake in Janome (Thailand) Co., Ltd, up from 5.9%. Additionally, Janome Taiwan Co., Ltd. is a wholly owned subsidiary of the Company. 

Company Quote

6.0 +4.51%
26 Dec 2014