Astra spokesman Aminuddin said that Japan’s Honda Motor Co Ltd [HMC] plans to invest Rp1.28 trillion (US$152 million) in a subsidiary of Astra International, the country’s largest automotive company.
Aminuddin said that with the investment, HMC would be a 43.47 percent shareholder of PT Federal Motor and Astra would keep the remaining 56.63 percent.
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In November Federal Motor and Honda Federal will be merged and the shares in the merged company would be split fifty-fifty by Astra and HMC, Aminuddin said.
