Toyota group to help troubled trader Tomen

TOKYO December 26, 2002; Japan Today reports that the Toyota Motor Corp group will help troubled trading house Tomen Corp by investing about 10 billion yen in the Osaka company, sources close to the plan said Wednesday.

Toyota Motor and Toyota Tsusho Corp, which is already Tomen's biggest shareholder with a stake of 11.5%, will take 5 billion yen each in new shares to be issued by the trading house, the sources said. (Kyodo News)