Commission Decision No. 23-M-20:
Acquisition by Aisin Seiki Co. Ltd. of Shares in Toyota Autoparts Philippines Inc.

ABSTRACT:

The proposed transaction is between Aisin Seiki Co., Ltd. (Aisin) and Toyota Motor Corporation (TMC). Aisin is currently a minority shareholder of Toyota Autoparts Philippines Inc. (TAP), a subsidiary of TMC in the Philippines.

Aisin is now considering acquiring additional shares of TAP from TMC, so that Aisin would newly become a majority shareholder of TAP.

Aisin and its subsidiaries are engaged in manufacture and sales of automotive parts, lifestyle- and energy-related products, and wellness-related products. TMC and its subsidiaries are engaged in manufacture and sales of automobiles, financial services, and other areas of business, including housing and information technology.

Link: https://phcc.gov.ph/commission-decision-no-23-m-20-acquisition-by-aisin-seiki-co-ltd-of-shares-in-toyota-autoparts-philippines-inc/