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| Transfer of Shares |
TOKYO, Mar 30, 2016 - (JCN Newswire) - Hitachi, Ltd. (TSE:6501; "Hitachi") today announced that it has concluded an agreement regarding the transfer of common stocks of Hitachi Transport System, Ltd. (President and CEO: Yasuo Nakatani, "HTS"), a consolidated subsidiary of Hitachi. Based on this agreement, a part of shares of HTS common stocks owned by Hitachi will be transferred to SG Holdings Co., Ltd. (President and COO: Tadashi Machida; "SG Holdings").
As a result of this transfer of shares, Hitachi's ownership ratio of voting rights will be 30%, and HTS will change from Hitachi's consolidated subsidiary to its associate accounted for using the equity-method.
For more information, visit http://www.hitachi.com/New/cnews/month/2016/03/f_160330a.pdf
Contact:
Hitachi Ltd
Corporate Communications
Tel: +81-3-3258-1111
Topic: Press release summary
Source: Hitachi, Ltd.
Sectors: Daily News
http://www.acnnewswire.com
From the Asia Corporate News Network
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