Hitachi Acquired Additional Shares to Hold Majority of Shares of Yungtay, Elevator Company Based in Taiwan

Written by ACN Newswire - Press Releases

TAIPEI, TAIWAN, Oct 15, 2020 - (JCN Newswire) - Hitachi, Ltd. (TSE: 6501) today announced that it acquired 9.99% (41,080,000 shares) of all the issued shares in Yungtay Engineering Co., Ltd. (TWSE: 1507), an elevator and escalator company in Taiwan, through paired trade via Hitachi Elevator Taiwan Co., Ltd., a wholly owned subsidiary of Hitachi,

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