Toyota Industries shares poised to surge on potential buyout

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TOKYO :Shares of Toyota Industries were set to surge on Monday after Japanese automaker Toyota said over the weekend it was exploring the possibility of investing in a potential buyout of the key parts supplier.

Toyota Industries shares remained untraded with a glut of buy orders on Monday.

The bid and ask indicated that their price was poised to hit the daily upper limit of 16,225 yen, a 23 per cent jump on Friday's closing price of 13,225 yen.

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Article Details

Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Saturday Exploring Potential Monday Price Industries Buyout Shares York Tokyo Toyota

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-28 @ 09:33:08 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 287 words

Reading Time: 2 minutes read

Sentences: 22 lines

Sentence Length: 14 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 28238600

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 33 posts per day

Year Established: 1999

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News Last Updated: 4 hours ago

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