Toyo Co., Ltd shares rise 7.99% intraday after announcing the establishment of a subsidiary in China to streamline sales functions for spare parts in Asia.
ByAinvest
Friday, Aug 29, 2025 1:53 pm ET1min read
TOYO--
Toyo Co., Ltd. rose 7.99% in intraday trading, with the company announcing the establishment of a subsidiary in China to streamline sales functions for spare parts in Asia managed by Stolle Machinery Company, LLC. The subsidiary, Guangzhou Nansha Stolle Machinery Co., Ltd., aims to restructure the spare parts sales operations of Stolle Machinery's Asian subsidiaries, which could enhance operational efficiency and market reach.
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