Loading…
Tokyo Stock Exchange-listed Hakuto has proposed to acquire a 76% majority stake in Singapore-based Rabyte, which has an operational entity in India. The deal aims to expand Hakuto's electronic components and semiconductor distribution business in emerging markets.
Hakuto Co., Ltd. has signed definitive agreements to acquire a 76% stake in India-based Rabyte Edge Pvt. Ltd., an electronic components distributor, converting it into a subsidiary. The move is designed to accelerate Hakuto's non-organic expansion in India.