Additional acquisition of shares in Vietnamese subsidiary
Hoshizaki Corporation has signed a stock transfer agreement to increase its stake in its Vietnamese subsidiary, ASIA REFRIGERATION INDUSTRY JOINT STOCK COMPANY (ARICO), from 51% to 99.616%. This move aims to strengthen governance and accelerate decision-making. Shipments of commercial refrigerators manufactured at ARICO's new local plant will begin in early April.
📋 Article Processing Timeline
- 📰 Published: March 26, 2026 at 23:05
- 🔍 Collected: March 28, 2026 at 21:59 (46h 53m after Published)
- 🤖 AI Analyzed: April 15, 2026 at 03:53 (413h 53m after Collected)
Hoshizaki Corporation has signed a stock transfer agreement to increase its stake in its Vietnamese subsidiary, ASIA REFRIGERATION INDUSTRY JOINT STOCK COMPANY (ARICO), from 51% to 99.616%. The acquisition, expected in June 2026, aims to strengthen governance, accelerate decision-making, and integrate business strategies. Additionally, the company will begin shipping commercial refrigerators manufactured at ARICO's Ho Chi Minh City plant in early April for sale within Vietnam through Hoshizaki Vietnam.
FAQ
What is the purpose of the additional share acquisition?
The purpose is to further strengthen governance, accelerate decision-making, and integrate business strategies.
When will ARICO's new plant begin operations?
Mass production is ready, and shipments of commercial refrigerators manufactured there are scheduled to begin in early April.