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ITOCHU Corporation announced it will acquire a 51% stake in Yungtay-Hitachi Construction Machinery Co., Ltd., a Taiwanese construction equipment dealer, from Hitachi Yungtay Elevator Co., Ltd., making it a consolidated subsidiary. Hitachi Construction Machinery will retain the remaining 49%.
“ITOCHU announced today that it will acquire a 51% stake in Yungtay-Hitachi Construction Machinery Co., Ltd.”itochu.co.jp
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