Komatsu offers to buy its Indonesian subsidiary

Komatsu has offered to buy the outstanding shares of its Indonesian subsidiary — PT Komatsu Indonesia. Komatsu already owns 68.4 percent of the shares of Komatsu Indonesia, which supplies components to factories that make construction, mining and logging equipment. The Indonesian subsidiary announced a plan Aug. 11 to delist its shares from the Jakarta Stock Exchange and change its status from a publicly listed company to a private company. If Komatsu Indonesia shareholders at a Sept. 21 meeting agree to the proposal, Komatsu will make an offer in October, with payment to occur in December.