Daido Kogyo Co., Ltd. entered into a basic agreement to acquire additional 17.7% stake in Sugimura seiko Co., Ltd..
January 30, 2023
Share
Daido Kogyo Co., Ltd. (TSE:6373) entered into a basic agreement to acquire additional 17.7% stake in Sugimura seiko Co., Ltd. on January 31, 2023. Transaction is expected to close on April 1, 2024.
DAIDO KOGYO CO., LTD. is a machinery manufacturing company. Along with its subsidiaries and associated companies, the Company is engaged in the manufacture and sale of power transmission and transportation-related products, such as chains and conveyers; rim and wheel-related products, such as rims, wheels, spokes and bolts; the Other products, such as welfare equipment and office machinery in Japan, China, Indonesia, Thailand, Vietnam, India, the United States, Brazil and Italy. Through its subsidiaries, the Company is also engaged in the processing and sale of steels, the purchase of related materials, the sale of chains, the provision of welfare services, as well as the repair and maintenance of facilities, among others.
DAIDO KOGYO CO., LTD. 