Samarang UCITS - Samarang Asian Prosperity, fund managed by Samarang Asset Management S.A. acquired 10.0% stake in Toho Acetylene Co., Ltd..
December 20, 2017
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Samarang UCITS - Samarang Asian Prosperity, fund managed by Samarang Asset Management S.A. acquired 10.0% stake in Toho Acetylene Co., Ltd. (TSE:4093) on December 18, 2017. Under the terms of transaction, Samarang UCITS - Samarang Asian Prosperity acquired 0.69 million shares.
Samarang UCITS - Samarang Asian Prosperity, fund managed by Samarang Asset Management S.A. completed the acquisition of 10.0% stake in Toho Acetylene Co., Ltd. (TSE:4093) on December 18, 2017.
Toho Acetylene Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of high-pressure gases, and the purchase and sale of appliances and equipment. The Company has four business segments. The Gas Related segment is engaged in the manufacture and sale of dissolved acetylene, oxygen, nitrogen, argon, hydrogen, nitrous oxide for food additives, liquefied petroleum gas and other gases. The Appliances and Equipment segment is engaged in the sale of consumables related to the use of high-pressure gas such as welding materials, welding cutting equipment and household appliances. The Automotive Equipment Related segment is engaged in the purchase and sale of equipment such as production lines of auto parts manufacturers. The Other segment is engaged in the contract and construction of equipment for fishing cooperatives and food manufacturers, and construction works for buildings and other facilities.
TOHO ACETYLENE CO., LTD. 
