Sanlam Investment Management Ltd. acquired an unknown stake in YONEX Co., Ltd. from PBT SA for ZAR 53.3 million.
December 11, 2022
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Sanlam Investment Management (Pty) Ltd. acquired an unknown stake in YONEX Co., Ltd. (TSE:7906) from PBT SA for ZAR 53.3 million on December 12, 2022. Pursuant to transaction, PBT disposed off its all preference shares of YONEX.
Sanlam Investment Management (Pty) Ltd. completed the acquisition of an unknown stake in YONEX Co., Ltd. (TSE:7906) from PBT SA on December 12, 2022.
YONEX CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of sporting goods, and the operation of sports facilities. The Company operates through two business segments. The Sporting Goods segment is mainly engaged in the manufacture, purchase and sale of sporting goods, including badminton rackets, soft tennis rackets, tennis rackets, golf clubs, snowboards, shuttlecocks and strings. The Company distributes it's products within the domestic market and to overseas markets, including Americas, Europe, and Asia. The Sports Facilities segment is mainly engaged in the management and operation of golf courses, tennis driving ranges and golf driving ranges.
YONEX CO., LTD. 
