Asahi Glass increases stake in PT Asahimas Flat Glass

Japanese glass producer Asahi Glass Co. Ltd. has increased its stake in Indonesian sheet glass producer PT Asahimas Flat Glass to become the majority shareholder in the joint venture.
Asahi Glass pre…

Japanese glass producer Asahi Glass Co. Ltd. has increased its stake in Indonesian sheet glass producer PT Asahimas Flat Glass to become the majority shareholder in the joint venture. Asahi Glass president Shinya Ishizu said in a report published by the Jakarta Stock Exchange that the Japanese principal had bought more than 1.57 million shares bringing its stake to around 186.71 million shares in Asahimas. Ishizu said Asahi Glass bought the shares from the Jakarta Stock Exchange in three consecutive days from 12 to 14 November. Before the share buying, Asahi Glass shared the majority stake with PT Rodamas Co. Ltd., each holding 39.69%.