Sin Heng

Sin Heng: Toyota Tsusho Corp (TTC), member of Toyota grp takes 27% stake, 123.8m shares in Sin Heng for $26m from controlling sh/h SEAVI. The price done per share was at $0.21. Co has also entered into a business alliance with TTC as TTC seeks to leverage on co's network in SEA. Co also expects to benefit from the alliance with access to a wider marketplace and network as well as expand its product portfolio to include other construction machinery. Also, co will gain valuable insight in the "Toyota Method" which is expected to better its efficiency. While the price done by Toyota at $0.21 compared to last traded mkt price at $0.26 will likely result in a knee-jerk sell off, there could be intangible benefits in the long-run by a global name such as Toyota.