Heavy Machinery / Vehicles

KYOKUTO KAIHATSU KOGYO to joint venture in Thailand

KYOKUTO KAIHATSU KOGYO CO LTD:To set up a joint venture TREX THAIRUNG CO., LTD in April in Thailand with Nippon Trex Co., Ltd, which is a subsidiary of the company, THAI RUNG UNION CAR PUBLIC and MITSIAM INTERNATIONAL.Joint venture to engage in manufacturing and sales of wing van, 10-door van and...

Wednesday, 16 Apr 2014 09:00pm EDT

Fitch withdraws Volvo AB's short-term ratings-DJ

Volvo AB:Fitch Ratings has affirmed Volvo's Short-term Issuer Default Rating and instrument ratings at F3 and withdrawn the ratings-DJ.Fitch has decided to discontinue the above ratings, which are uncompensated.All other ratings assigned to Volvo are unaffected by the withdrawal, and analytical...

Wednesday, 16 Apr 2014 10:49am EDT

CNH Industrial NV approves FY 2013 dividend; authorizes purchase of own shares

CNH Industrial NV:Approved the FY 2013 dividend of 0.20 euros per common share, equivalent to a total distribution of about 270 million euros.Shareholders granted the Board the authority to repurchase up to a maximum of 10 pct of the company’s common shares outstanding at April 16 date.The...

Wednesday, 16 Apr 2014 10:48am EDT

Titagarh Wagons acquires 99.23 stake in CEHPL

Titagarh Wagons Ltd:Pursuant to conversion of 64,000,000 0 pct Optionally fully Convertible Debentures (OFCD) of 10 Indian rupees each aggregating 640 mln Indian rupees on April 15, 2014.Stake in Cimco Equity Holdings Private Limited (CEHPL) has gone up from 50 pct to 99.23 pct.Thereby CEHPL has...

Wednesday, 16 Apr 2014 08:29am EDT

Ponsse gives FY 2013 dividend details; elects PricewaterhouseCoopers as auditor

Ponsse Plc:Adopts the proposed dividend of 0.30 euro per share.Record date April 22.Dividend payment date April 29.Appoints PricewaterhouseCoopers Oy as the company's auditor.Says Sami Posti, Authorised Public Accountant, will be the principal auditor.

Tuesday, 15 Apr 2014 08:26am EDT

AB Volvo completes real estate transaction

AB Volvo:Says previously announced sale of commercial real estate has been essentially completed.On April 15, companies within the Volvo Group completed a transaction where about 1.8 bln Swedish Krona of the total purchase sum of about 2 bln Swedish Krona was transferred.The remaining part of the...

Tuesday, 15 Apr 2014 07:10am EDT

Kalugaput'mash OAO receives obligatory tender offer from STM

Kalugaput'mash OAO:Receives an obligatory tender offer from Sinara-Transportnye mashiny OAO (STM).STM owns 1,057,057 shares in the company, representing a 86.61 percent stake in its share capital.The offered price is 2,298 Russian rubles a share.The offer is valid within 73 days as of April 14.

Monday, 14 Apr 2014 09:43am EDT

Komatsu to merge with subsidiary

Komatsu Ltd:To merge with wholly owned subsidiary Komatsu Diesel Co., Ltd., which has been engaged in sale and service of engines for generators, construction and industrial machinery as well as railway.Effective date Oct. 1, when the subsidiary will be dissolved.

Monday, 14 Apr 2014 02:00am EDT

Cimmco approves issue of shares and extension of financial year end

Cimmco Ltd:Issues eight pct non cumulative redeemable preference shares aggregating to the extent of 500 mln India rupees to a Promoter Group Entity on private placement basis.Also approves extension of financial year ended March 31, 2014 to end on the June 30, 2014.

Monday, 14 Apr 2014 01:50am EDT

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