Japan’s Kawasaki ups stake in DRB-Hicom’s two-wheeler unit for $9.7m

Photo: DRB-Hicom website

Japan’s Kawasaki Heavy Industries, Ltd (KHI) has upped its stake in DRB-Hicom-backed national motorcycle company Motosikal dan Enjin Nasional Sdn Bhd (Modenas), from 19 per cent to 30 per cent, it said in a statement on Friday.

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