Japan: Sumitomo Rubber to buy stake in Stamford Tyres

Sumitomo Rubber Industries (SRI) has outlined plans to buy a 1.8% stake in Singapore-based tyre and wheel distributor Stamford Tyres Corporation. To cement the deal, Stamford Tyres is to issue to Sumitomo 4.3 million new ordinary shares at S$0.35 (US$0.26), with the net proceeds of around S$1.4m being used It’s time to log in (or … Continued

• By Webmaster
• September 23, 2010