Belgian investment company RHJ International has agreed to buy a 20% stake in Japanese supplier U-Shin for JPY8bn ($US68m), according to Reuters.

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U-Shin is listed on the Tokyo stock exchange and aims to use the funds to invest in new activities and repay debt, said Reuters.


U-Shin describes itself as a comprehensive manufacturer of electrical components for automobiles, industrial equipment, and the housing industry.


Its products are used in different areas of the vehicle and U-Shin is aiming to increase business by becoming a systems supplier, rather than just a component supplier.

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