TOKYO — Itochu will terminate its cross-shareholdings with leading Thai conglomerate Charoen Pokphand Group, the Japanese trading house said Monday, a move taken in line with the Tokyo Stock Exchange’s corporate governance guidelines.
Itochu holds a 25% stake in C.P. Pokphand (CPP), a core CP Group company. The trading house will transfer those shares to Charoen Pokphand Foods by the end of this fiscal year.
