Notice Regarding Share Purchase Agreement of PT.SHIROKI INDONESIA
Jul. 28, 2023
Toyota Boshoku Corporation
AISIN SHIROKI CORPORATION
Toyota Boshoku Corporation (President: Masayoshi Shirayanagi; hereinafter referred to as “Toyota Boshoku”), AISIN SHIROKI CORPORATION(President: Toshio Tanaka; hereinafter referred to as “AISIN SHIROKI”), a subsidiary of AISIN CORPORATION, transferred part of the shares of PT. SHIROKI INDONESIA(hereinafter referred to as “SID”) a subsidiary of AISIN SHIROKI to TOYOTA BOSHOKU ASIA CO., LTD. (hereinafter referred to as “TBAS”), a subsidiary of Toyota Boshoku, signed Share Purchase Agreement to make SID a subsidiary of TBAS.
First, in November 2023, TBAS will acquire 80% of SID's shares from AISIN SHIROKI, and then plan to acquire the remaining 20% of the shares by the end of 2025 to make it a wholly owned subsidiary. This matter will be implemented on the condition that the necessary procedures and responses are completed in each country.
［Remarks］News Release on October 25, 2022
＜Outline of SID＞
１．Name： PT. SHIROKI INDONESIA
２．Location： Kawasan Greenland International Industrial Center (GIIC) Block AA No.18, Kota Deltamas, Desa Sukamahi, Kecamatan Cikarang Pusat, Kabupaten Bekasi 17530 Indonesia
３．Representative：President, Director; Osamu Ando
４．Capital： 29,900,000 USD
５．Area： Land 18,561㎡、Building 12,442㎡
６．Products： Seat recliners, Seat adjusters, etc.
７．Employees： Approx.308（As of March 31, 2023）