FX.co ★ Nissan To Acquire Newly Issued Class A Preferred Shares Of Kasai Kogyo - Quick Facts

Nissan Motor Co., Ltd. (NSANF.PK, NSANY.PK) has declared an investment partnership with Kasai Kogyo Co., Ltd. Within this agreement, Nissan is set to purchase newly created Class A preferred shares of Kasai Kogyo, worth 6 billion yen. However, Nissan's share acquisition is contingent on the approval from Kasai Kogyo's annual ordinary shareholder meeting, successful regulatory clearance, and the fulfillment of other procedural necessities.

Kasai Kogyo Co., Ltd. is a company that primarily specializes in the production and retail of automotive interior and exterior components and deals with all related businesses.