KUALA LUMPUR: Yokohama Industries Bhds controlling shareholder, HSG Investment Pte Ltd, has signed a deal to facilitate the sale of its entire 62.16 per cent stake, or 53 million shares, in the automotive batteries manufacturer at RM1.70 each. Yokohama last traded at RM1.28 last Friday. HSG had entered into a heads of agreement with Fordington Pte Ltd to conduct legal, corporate, tax, technical and financial due diligence on Yokohama until January 26 next year, the latter said in a filing to Bursa Malaysia yesterday.
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