Hitachi Elevator Taiwan Co., Ltd. acquired 9.99% stake in Yungtay Engineering Co., Ltd. for TWD 3 billion.

YUNGTAY ENGINEERING CO., LTD. is a Taiwan-based company principally engaged in the manufacture and sales of elevators and related components. Its businesses include the design, manufacture, sales, installation and repair and maintenance of elevators, food delivery machines, escalators, automatic sidewalks and elevator motors, the trading and repair and maintenance of domestic and overseas construction machines, as well as the leasing of properties. The Company operates through eight segments, including Taiwan Elevator segment, Mainland China Elevator segment, Taiwan Repair and Maintenance segment, Mainland China Repair and Maintenance segment, Electric Machinery segment, Construction Machinery segment, Automatic Machinery segment and Others segment. The Company operates businesses in Taiwan and Mainland China.