Hino to allegedly cut GAC Hino stake to 4.83% - Breaking The News
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Hino to allegedly cut GAC Hino stake to 4.83%

Business
Christian Baha / AY

1 min read

EPA/EVERETT KENNEDY BROWN

Hino Motors, Ltd. will be slashing its stake in GAC Hino, a joint venture between Hino and China's Guangzhou Automobile Group Co., Ltd., Nikkei reported on Thursday.

According to the media outlet, Hino will drastically cut its stake from its current 50% to only 4.83%.

Hino has reportedly shown concerns over the sluggish commercial vehicle business and has been discussing the revision of its investment ratio.

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