Asahi Glass increases stake in Indonesian subsidiary

Japanese glassmaker Asahi Glass Co. Ltd. (Asahi) has recently reported having increased its stake in Indonesian subsidiary PT Asahimas Flat Glass (AMFG) from 189.328 million to 189.719 million shares….

Japanese glassmaker Asahi Glass Co. Ltd. (Asahi) has recently reported having increased its stake in Indonesian subsidiary PT Asahimas Flat Glass (AMFG) from 189.328 million to 189.719 million shares. Asahi president Shinya Ishizu said in a report to the Capital Market Supervisory Board (Bapepam) on 31 January that his company bought the additional shares from the Jakarta Stock Exchange last month. Ishizu also added that Asahi wanted to increase its investment in the country.