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KAYABA INDUSTRY CO LTD Announces Reorganization and Joint Business with Yamaha Motor Co., Ltd.


Tuesday, 29 Jan 2013 12:30am EST 

KAYABA INDUSTRY CO LTD announced that it has decided to start a business alliance with part of its business and Yamaha Motor Co., Ltd. The Company will expand the scale of its two-wheel vehicle hydraulic snubber devision, and transfer it to a newly established subsidiary, and then transfer 3,340,000 shares (a 33.4% stake) of the new subsidiary's stock to Yamaha Motor Co., Ltd., both take effective July 1, 2013. 

Company Quote

661.0
34.0 +5.42%
12:50am EDT