Hoshizaki Corporation, a leading food service equipment manufacturer, has signed a share transfer agreement to acquire an additional stake in ASIA REFRIGERATION INDUSTRY (ARICO), its subsidiary in Ho Chi Minh City, Vietnam. By increasing its ownership to 99.616%, Hoshizaki plans to unify its business strategy and strengthen production capacity in the region to support expansion across Southeast Asia.

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  • Source: PR Times
  • Category: M&A