On July 9th, Glon Hui reported that according to sources, US private equity giant KKR plans to sell about half of its stake in the newly listed Japanese semiconductor equipment maker, Kokusai Electric. KKR currently holds about 43% of Kokusai. In addition, Kokusai will buy back stocks on the market. Based on Monday's closing price, 20% of Kokusai's shares are worth about $1.6 billion. This deposition equipment manufacturer was split from Hitachi Kokusai Electric in 2018 and its stock price has doubled since its IPO in October last year.
KKR拟减持日本半导体设备制造商Kokusai约一半持股
KKR is planning to reduce its shareholding in Kokusai, a Japanese semiconductor equipment manufacturer, by about half.
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