SOURCE: RHJ International SA

October 14, 2008 03:12 ET

RHJ International: RHJI Subscribes to 25,636,600 Newly Issued Shares of Asahi Tec

BRUSSELS, BELGIUM--(Marketwire - October 14, 2008) -

Please find enclosed the press release issued today by RHJI announcing that it has subscribed to 25,636,600 of newly issued shares of Asahi Tec Corporation ("Asahi Tec") for an aggregate amount of JPY 1,051,100,600, as part of its previously announced commitment to provide additional capital of up to JPY 3,200 million. Asahi Tec will use the proceeds to further support the ongoing restructuring efforts of its subsidiary Metaldyne. As a result, RHJI's ownership in Asahi Tec will increase from 41.3% to 45.2%.

Asahi Tec and Metaldyne continue to implement their "Plan to Win" program, aimed at reducing costs and facilitating the sale of non-core assets.

RHJ International (Euronext: RHJI) is a diversified holding company focused on creating long-term value for its shareholders by acquiring and operating businesses in attractive industries. For further information visit

Arnaud Denis
Investor Relations Director

RHJ International
Tel. +32 2 643 60 13

This announcement is originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

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