Toyota has sold $2 billion worth of cross-held listed shares in FY2023/24, as revealed in a regulatory filing. The company is also offloading $1 billion in Aisin shares, signaling a trend in Japan to unwind cross shareholdings among large firms.
Toyota is selling its shares in Aisin, a major vehicle parts supplier, the latest sign momentum is building in Japan’s push to get large companies to unwind their cross shareholdings. https://t.co/m6qs8T2CsH
🔵 TOYOTA AND GROUP COMPANIES TO OFFLOAD SOME $1 BILLION IN AISIN SHARES Toyota Motor and two affiliates will sell 33.9 million shares in group supplier Aisin , the companies said on Thursday, a sale worth 177.5 billion yen ($1.11 billion) as of the latest price. Full Story…
Toyota is selling its shares in Aisin, a major vehicle parts supplier, the latest sign momentum is building in Japan’s push to get large companies to unwind their cross shareholdings. https://t.co/818ALD1quD
#Toyota sold $2 bln worth of cross-held listed shares in FY2023/24, filing shows
🔵 TOYOTA SOLD $2 BILLION WORTH OF CROSS-HELD LISTED SHARES IN FY2023/24, FILING SHOWS Toyota sold $2 billion worth of cross shareholdings of listed companies in the year that just ended, the Japanese automaker disclosed in a regulatory filing on Tuesday. Full Story via… https://t.co/tC0Y8ETXda