HOSHIZAKI (JP:6465) has released an update.
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Hoshizaki Corporation has announced that its subsidiary, Hoshizaki Southeast Asia Holdings, will acquire a 51% stake in Vietnam’s Asia Refrigeration Industry Joint Stock Company. This acquisition aims to enhance Hoshizaki’s presence in the burgeoning Southeast Asian market by leveraging ARICO’s expertise in industrial refrigeration and food processing equipment. The move is expected to bolster Hoshizaki’s business foundation and expand its market share in the region.
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