Tokai Rubber considering increasing stake in Daeheung Rubber & Technical  [ Korea ]

Tokai Rubber Industries, Ltd. announced that it has started discussion with Daeheung Rubber & Technical Co., Ltd. (DRT), its equity-method affiliate, to raise Tokai Rubber's equity stake in the affiliate from the current level of 20 percent to 30 percent. DRT manufactures and sells automotive anti-vibration rubber in Korea. (From a press release on April 8, 2014)
<Apr 08, 2014>