YOKOHAMA, Japan--(BUSINESS WIRE)--Chiyoda Corporation ("Chiyoda")(TOKYO:6366)(ISIN:JP3528600004), Japan's leading engineering and construction firm, today announces that Chiyoda acquired 7% of the total issued shares of Toyo-Thai Corporation Public Company Limited (Head Office: Bangkok, President: Hironobu Iriya) registered on the Stock Exchange of Thailand.
1. Purpose of Transaction:
Through this transaction, Chiyoda intends to facilitate cooperation with Toyo-Thai Corporation Public Company Limited and to further strengthen global operation which is one of the key concepts of Chiyoda's mid-term management plan.
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2. Information on Stock Transaction |
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| (1) | Transaction Date : | December 13, 2010 | ||
| (2) | Purchase source of the stock : | Italian-Thai Development Public Company Limited | ||
| (through the Stock Exchange of Thailand, Big Lot Board*) | ||||
| * negotiation transaction through the market | ||||
| (3) | Number of Shares : | 33,600,000 | ||
| (equivalent to 7% of the totalissued stocks of Toyo-Thai Corporation Public Company Limited) | ||||
| (4) | Price of Stock Purchased: | Not disclosed | ||
3. Purpose of Stock Holding and Cooperation
- Engineering, Procurement and Construction (EPC) satellite for small-middle sized projects especially in Thailand and Indochina region
- Support to enhance Chiyoda's business development in the region
- Support for Chiyoda's project execution
Contacts
Chiyoda Corporation
Naoyuki Nakayama, +81-45-506-7538
General Manager
IR & Public Relations Office
URL: http://www.chiyoda-corp.com/en