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Akebono Brake Industry Co Ltd (7238.T)

7238.T on Tokyo Stock Exchange

239JPY
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Change (% chg)

¥-4 (-1.65%)
Prev Close
¥243
Open
¥243
Day's High
¥245
Day's Low
¥239
Volume
587,800
Avg. Vol
7,566,700
52-wk High
¥390
52-wk Low
¥210

Latest Key Developments (Source: Significant Developments)

Bosch Has Sold Entire 12.13 Pct Stake In Akebono Brake Industry - Nikkei
Tuesday, 19 Dec 2017 

Dec 20 (Reuters) - NIKKEI::BOSCH HAS SOLD ENTIRE 12.13 PERCENT STAKE IN AKEBONO BRAKE INDUSTRY - NIKKEI .AKEBONO BRAKE EXPECTS 250.6 BILLION YEN IN GROUP SALES FOR YEAR ENDING MARCH, OUT OF WHICH AROUND 1 BILLION YEN IS LIKELY TO COME FROM BOSCH- NIKKEI‍​.  Full Article

Akebono Brake Industry plans reorganization of three European units
Thursday, 16 Mar 2017 

Akebono Brake Industry Co Ltd <7238.T> : Says co's wholly owned Belgium-based controlling company Akebono Brake Europe N.V. (AENV) will transfer entire 100 percent stake in Akebono Europe S.A.S., Akebono Europe GmbH and Akebono Brake Slovakia s.r.o. (target firms) respectively, to the company . Transaction amount is totaling 9.5 million euros (about 1.16 billion yen) . Co will own 100 percent stake in target firms directly .And the unit AENV will commence on dissolution and liquidation after divestiture of target firms.  Full Article