TOYO Corporation to Boost Stake in AeroGT Labs

MT Newswires Live

2024-09-13

TOYO Corporation to Boost Stake in AeroGT Labs

TOYO (TYO:8151), a player in electronics and precision instruments, will increase its stake in AeroGT Labs Corporation through an investment by its unit, TOYOTech LLC, according to a Thursday filing on the Tokyo Stock Exchange.

The investment of nearly $92,360 will raise TOYOTech's shareholding from 49% to 55%.

AeroGT Labs, based in California, specializes in Over-The-Air (OTA) measurement solutions and is a joint venture with General Test Systems. This move aims to strengthen TOYOTech's position in the US automotive OTA market.

Price (JPY): $1677.00, Change: $+9.0, Percent Change: +0.54%

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