Toyota Tsusho Corp. cancelled the acquisition of 20% stake in Yem Chio Co Ltd. from Yem Chio Corporation Ltd..
January 24, 2015 at 04:00 am
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Toyota Tsusho Corp. (TSE:8015) agreed to acquire 20% stake in Yem Chio (BVI) Co Ltd. from Yem Chio Corporation Ltd. (TSEC:4306) for $11.8 million on January 24, 2014. Eric Sedlak of Jones Day acted as legal advisor for Toyota Tsusho.
Toyota Tsusho Corp. (TSE:8015) cancelled the acquisition of 20% stake in Yem Chio (BVI) Co Ltd. from Yem Chio Corporation Ltd. (TSEC:4306) on January 24, 2015.
YEM CHIO CO., LTD. is a Taiwan-based company principally engaged in the manufacture, development, processing and distribution of thin films, adhesive tapes and packaging materials, as well as real estate business and the trading of computer products. The Company offers adhesive tapes, including biaxially oriented polypropylene (BOPP) tapes, stationery tapes, double-sided tapes, protection tapes and foam tapes; plastic and packaging materials, including plastic bags and strapping bands, as well as various thin films. The Company distributes its products within domestic market and to overseas markets.
YEM CHIO CO., LTD. 
