Merida Acquires Stake in Miyata

Last month the 100% owner of Japanese Miyata Cycle Co. - Morita Group - has sold 30% of its Miyata shares to Taiwanese bike producer Merida. The Taiwanese paid JPY 150 million ( 1.4 million) for this stake in Miyata Cycle. Payment and shares have been transferred officially on 31 August. Merida took a