Hitachi to sell about half its stake in construction unit - NHK


FILE PHOTO: The logo of Hitachi is seen at an office building in Zurich, Switzerland September 10, 2020. REUTERS/Arnd Wiegmann/File Photo

TOKYO (Reuters) - Japan's Hitachi Ltd will sell about half its 51% stake in unit Hitachi Construction Machinery Co to trading firm Itochu Corp and investment fund Japan Industrial Partners, public broadcaster NHK reported on Thursday.

Hitachi will sell the stake for about 200 billion yen ($1.7 billion), according to a Nikkei business daily report, which did not identify the source of the information.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Smartphone bans in schools boost children's social well-being: study
Microsoft's new Copilot AI can see what you see
Google brings more AI to search engine in ‘significant’ update
A 'Star Wars' game reborn: Be the bounty hunter you always wanted to
Review: ‘Warhammer 40,000: Space Marine 2’ leverages a dark sci-fi lore with layered gameplay
UK investment summit to feature Google, Wayve and Brookfield
Foxconn beats estimates with record third-quarter revenue on AI demand
Saudi Arabia's PIF mulls larger stake in Nintendo, Kyodo reports
Game on: Automakers expand video entertainment options in vehicles
Does it sound too good to be true? Here’s how to spot, avoid online marketing scams

Others Also Read