Kinugawa Rubber subsidiary to list in Taiwan

Report in the Nikkei says Taiwanese rubber manufacturer, Chung Kwang Rubber Goods Mfg. Co., will list on the Taiwanese over-the-counter market by December 2004. Chung Kwang is 83 percent owned by Kinugawa Rubber. The sale of 4 million shares is expected to reduce this holding to 70 percent. The Nikkei report said Kinugawa would give Chung Kwang responsibility for developing Kinugawa business on the Chinese mainland.

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