Jul. 28, 2023
News Release
Toyota Boshoku Corporation
AISIN CORPORATION
AISIN SHIROKI CORPORATION
Toyota Boshoku Corporation (President: Masayoshi Shirayanagi; hereinafter referred to as "Toyota Boshoku"), AISIN SHIROKI CORPORATION(President: Toshio Tanaka; hereinafter referred to as "AISIN SHIROKI"), a subsidiary of AISIN CORPORATION, transferred part of the shares of PT. SHIROKI INDONESIA(hereinafter referred to as "SID") a subsidiary of AISIN SHIROKI to TOYOTA BOSHOKU ASIA CO., LTD. (hereinafter referred to as "TBAS"), a subsidiary of Toyota Boshoku, signed Share Purchase Agreement to make SID a subsidiary of TBAS.
First, in November 2023, TBAS will acquire 80% of SID's shares from AISIN SHIROKI, and then plan to acquire the remaining 20% of the shares by the end of 2025 to make it a wholly owned subsidiary. This matter will be implemented on the condition that the necessary procedures and responses are completed in each country.
[Remarks]News Release on October 25, 2022
Notice Regarding Transfer of Overseas Subsidiaries, Which Manufacture Automotive Seat Frame Mechanism Parts
<Outline of SID>
1.Name: PT. SHIROKI INDONESIA
2.Location: Kawasan Greenland International Industrial Center (GIIC) Block AA No.18, Kota Deltamas, Desa Sukamahi, Kecamatan Cikarang Pusat, Kabupaten Bekasi 17530 Indonesia
3.Representative:President, Director; Osamu Ando
4.Capital: 29,900,000 USD
5.Area: Land 18,561㎡、Building 12,442㎡
6.Products: Seat recliners, Seat adjusters, etc.
7.Employees: Approx.308(As of March 31, 2023)
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Aisin Corporation published this content on 28 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2023 06:36:00 UTC.