AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Capital injection and equity stakes (including bailouts)
On April 28th, 2017, Japan Oil, Gas and Metals National Corporation (JOGMEC) acquired 13.4 billion yen (120 million USD) worth of shares in Japan-South Africa Co., Ltd., a subsidiary of Japanese-owned Hanwa Co., Ltd (Hanwa). This 13.4 billion yen investment amounts to approximately 49.9% of Japan-South Africa Co's equity. Due to Japan-South Africa Co., owning 20% of South-African Samancor Chrome Limited, a Ferrochrome mining, and sales corporation, JOGMEC now indirectly owns 9% of its shares as well. The joint-investment in Japan-South Africa Co. will also boost Hanwa's shares in Samancor Chrome Limited from 10.02% to 19.02%.
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