Ty family-led conglomerate GT Capital Holdings is set to invest up to $200 million in shares of Japanese powerhouse Toyota Motor Corp., citing attractive valuation of the world’s largest automotive manufacturer.
This investment is seen timely given Toyota’s recent announcement to buy back shares from the open market as the management deems the company’s shares are undervalued.
The purchase of shares will be made by GT Capital, which is also Toyota’s partner in manufacturing cars in the Philippines for the last three decades, through the Tokyo Stock Exchange based on prevailing rates on the dates of purchase.

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