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Commission Decision No. 23-M-20: Acquisition by Aisin Seiki Co. Ltd. of Shares in Toyota Autoparts Philippines Inc.

/ Commission Decision No. 23-M-20: Acquisition by Aisin Seiki Co. Ltd. of Shares in Toyota Autoparts Philippines Inc.

Commission Decision No. 23-M-20: Acquisition by Aisin Seiki Co. Ltd. of Shares in Toyota Autoparts Philippines Inc.

Commission Decision No. 23-M-20:
Acquisition by Aisin Seiki Co. Ltd. of Shares in Toyota Autoparts Philippines Inc.

 

ABSTRACT:

The proposed transaction is between Aisin Seiki Co., Ltd. (Aisin) and Toyota Motor Corporation (TMC). Aisin is currently a minority shareholder of Toyota Autoparts Philippines Inc. (TAP), a subsidiary of TMC in the Philippines.

Aisin is now considering acquiring additional shares of TAP from TMC, so that Aisin would newly become a majority shareholder of TAP.

Aisin and its subsidiaries are engaged in manufacture and sales of automotive parts, lifestyle- and energy-related products, and wellness-related products. TMC and its subsidiaries are engaged in manufacture and sales of automobiles, financial services, and other areas of business, including housing and information technology.

1678154322_Commission-Decision-No.-23-M-020-2018-AisinSeiki-ToyotaParts.pdf

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