August 31, 2009 / 6:18 AM / 10 years ago

Hitachi Construction to make TCM wholly owned unit

TOKYO, Aug 31 (Reuters) - Japanese excavator maker Hitachi Construction Machinery Co (6305.T) said on Monday that it will make forklift maker TCM Corp 6374.T a wholly owned subsidiary through a share swap. Hitachi Construction, which already owns 51 percent of TCM, will swap 0.1 of one of its shares for each share in TCM it does not already own. (Reporting by Mayumi Negishi)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below