GLONGHUI, July 2 | People familiar with the matter said that Japan's four major financial insurance companies and other financial companies plan to sell shares worth about 500 billion yen (3.1 billion US dollars) of Honda Motor, including two subsidiaries of Tokio Marine Holdings and MS&AD Insurance Group. Honda will soon officially approve the sale of its shares by these two insurance companies. Toyota has announced plans to buy back up to 300 billion yen of shares in the current fiscal year. This move is seen as helping to absorb part of the impact of the sale.
日本多家金融机构计划出售价值约5000亿日元的本田汽车股份
Several Japanese financial institutions plan to sell approximately 500 billion yen worth of Honda Motor shares.
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