IKuyo <7273> hit the daily limit. It has announced that it will operate a joint venture business related to the sales and maintenance of EV construction machinery in Japan with Xuzhou Construction Machinery Group Import and Export Company (XCMG), a major construction machinery manufacturer in China, and Itokai. In August, its newly established subsidiary, Ikuyo Trading, will carry out third-party allocation of new shares to XCMG and Itokai. It seems that the investment ratio in the joint venture company will be 30.02% for Itagaki and 5.00% for XCMG.
イクヨ---ストップ高、中国大手建機メーカーなどとの合弁展開に期待先行
Ikuyo---Stop limit up, expecting to expand joint ventures with major Chinese construction machinery manufacturers in advance.
The translation is provided by third-party software.
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