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Teijin acquires 10% stake in Kyorin Holdings

9:39 AM MDT | April 5, 2013 | Deepti Ramesh

Teijin says it has acquired 7.59 million shares, or 10% of the outstanding shares of Kyorin Holdings (Tokyo), from Kyorin’s major shareholder. Teijin and the same shareholder also signed an agreement to jointly share the voting rights carried by their cumulative holdings, which exceed 20% of Kyorin's shares, Teijin says. Kyorin is involved in controlling, administering, and supporting companies that conduct various businesses. Some of its major subsidiaries and affiliates include Kyorin Pharmaceutical (Tokyo), Kyorin Rimedio (Kanazawa, Japan), Kyorin...

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