Stock Market

NYK Line acquires shares

PUBLISHED : Wednesday, 14 August, 1996, 12:00am
UPDATED : Wednesday, 14 August, 1996, 12:00am

NYK Line, Tokyo, has successfully negotiated with OCS Inc, Osaka and its major shareholder, Sankyu, Tokyo on purchasing the stock of Orient Consolidation Service (HK).

As a result of this negotiation, NYK Line has acquired an additional 55,000 shares of the 200,000 public shares, effective August 8.

With the additional shares, NYK Line's interest in OCS (HK) will increase from 47.5 per cent, which has been held by NYK Line (HK), to 75 per cent.

In addition, the stock purchase plan will allow NYK further investment.