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Nikkei: Stealth Chinese fund becomes 7th largest shareholder in Honda

12 November 2011

The Nikkei reports that an investment fund named OD05 Omnibus, believed to have ties to the China government, owned a 2.12% stake in Honda as of the end of September, becoming Honda’s 7th largest stockholder.

China is expected to keep expanding its investments in Japanese companies as a way to manage its foreign currency reserves.

OD05 Omnibus was listed as a major shareholder in 123 Japanese firms at the end of March, with its investments estimated at more than 2 trillion yen. Among the nation’s automakers, it held 52.82 million, or 1.17%, of Nissan Motor Co.’s (7201) outstanding shares at the end of March, coming in ninth.

November 12, 2011 in Brief | Permalink | Comments (2) | TrackBack (0)

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Comments

This may be a wise long term decision and certainly better than leaving $$$$B in the national reserve bank and/or buying very low interest (USA & EU) foreign bonds. Nissan-Honda-Toyota are among the world best vehicle manufacturers and their advanced technology could help the Chinese auto industry.

Original headline lacked punch.

"Nikkei: Stealth Chinese fund becomes 2% shareholder in Honda"

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