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View all search resultsToyota said it will hold a 4.6 percent stake of all issued shares as of the end of September, worth 42.8 billion yen ($393 million), in Isuzu through a third-party allotment, while Isuzu plans to acquire Toyota shares of the same value through a market purchase.
Perusahaan Perdagangan Indonesia (PPI) has decided to drop its initial proposal of a Rp 1 trillion (US$ 75.31 million) capital injection from the state as it booked billions of rupiah from selling a 10 percent stake in Isuzu Astra Motor Indonesia.
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