HOSHIZAKI CORPORATION [6465.T]
TOKYO, Mar 26 (Pulse News Wire) – Hoshizaki Corporation (6465.T) resolved to increase its stake in Asia Refrigeration Industry Joint Stock Company (ARICO) through its subsidiary, HOSHIZAKI SOUTHEAST ASIA HOLDINGS PTE. LTD.
The move aims to strengthen governance, expedite decision-making, and integrate business strategies. Following the resolution made on December 19, 2024, the company plans to raise its holding ratio from 51% to 99.616%. ARICO, based in Vietnam, specializes in manufacturing and selling commercial and industrial refrigerators.
With a capital of ¥278,311,200 thousand Vietnamese dong (¥1.669 billion), ARICO was established in October 2007. Prior to the additional acquisition, Hoshizaki held 14,193,871 shares (representing 51% voting rights). Post-acquisition, the total shareholding stands at 27,724,350 shares (with 99.616% voting rights).
The stock transfer agreement is set to be finalized, with the expected completion of the transaction around June 2026.
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