Financials, Automotive, Consumer Staples Sep 09, 2021 03:03 PM (GMT+8) · EqualOcean
Nikkei Chinese network reported on September 9 that Toyota will acquire the leasing business in China from SK group, a large Korean consortium, through its subsidiary involved in sales finance. The Chinese legal person of Toyota financial services will obtain all the equity of "SK car rental" headquartered in Beijing. Toyota financial services has no public acquisition, which is estimated to be about 5 billion yen. It is expected to complete the acquisition of shares by the end of September.
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