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June 27, 2005
| Company name |
: |
Isuzu Motors Limited |
| Representative |
: |
Yoshinori Ida, President |
| ( Code Number: 7202 on Tokyo Stock Exchange ) |
| Contact |
: |
Mr. Hirotoshi Koyama |
| General Manager, General Affairs& HR Department |
| |
(TEL. 03-5471-1141) |
Increase of Interests in Qingling Motors
Following the announcement on May 20, 2005 of "Measures with regard to the Company's China Operations", Isuzu Motors Limited is pleased to announce the successful result of the Partial Offer to acquire Qingling Motors shares listed at Hong Kong Stock Exchange in order to raise the Company's interests in QL.
| [ Result of Partial Offer ] |
| 1. |
Aggregate number of shares purchased |
324,960,400 shares |
| 2. |
Aggregate purchase amount |
Approx. HK$624 million
(Approx. 8.8 billion based on TTM of Y14.04/HK$ on June 24) |
| 3. |
Interests in QL after the transaction |
Approx. 20% |
| 4. |
Scheduled date of purchase |
July 4, 2005 |
[ Reference ] Announcement of the Partial Offer on May 20 |
| |
Number of shares to purchase |
Approx. 325 million shares |
| Required fund |
Approx. JPY9.4 billion |
| Equity stake before the purchase of shares |
Approx. 6.9% |
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