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Japan's Imabari Shipbuilding to Make Industry Peer Subsidiary

Japan's Imabari Shipbuilding to Make Industry Peer Subsidiary

   Tokyo, June 26 (Jiji Press)--Top Japanese shipbuilder Imabari Shipbuilding Co. said Thursday that it will acquire second-biggest Japan Marine United Corp. by raising its equity stake to 60 pct.
   Currently, Imabari Shipbuilding holds 30 pct of JMU, while steelmaker JFE Holdings Inc. and heavy machinery maker IHI Corp. own 35 pct each.

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AFP-JIJI PRESS NEWS JOURNAL


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