Hitachi Transport System : SG Holdings, Hitachi Transport to scrap capital tie-up, Japan magazine says
09/24/2020 | 01:43am EDT
SG Holdings and Hitachi Transport System plan to cancel a more than four-year-old capital alliance as the tie-up has not produced as much synergy as expected, Japan's Diamond magazine reported on Thursday.
Shares of SG Holdings fell 2%, while Hitachi Transport dropped almost 7%.
(Reporting by Hideyuki Sano; Editing by Clarence Fernandez)