Hitachi to Make Hitachi Mobile Wholly Owned Subsidiary.Tokyo, Japan, Dec 15, 2005 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) ) - Hitachi (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : 6501) and Hitachi Mobile (TSE: 9429) announced on December 15 that Hitachi will make Hitachi Mobile, in which it owns a 64.8% stake, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. on April 1, 2006, in its efforts to strengthen its automotive system business. Hitachi Mobile boasts a nationwide sales and service network in Japan as well as engineering service capabilities in the maintenance and aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. fields for automotive equipment including electrical components. With competition intensifying in the fields, Hitachi has come to the decision to acquire Hitachi Mobile as a wholly owned subsidiary to meet an increasing need to handle a broader array of automotive and mobile communication products. Copyright [c] 2005 Japan Corporate News Network. All rights reserved. |
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