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Toyota Motor Corporation (NYSE: TM) reportedly plans to divest its entire stake in Harmonic Drive Systems, Inc. (OTC: HSYDF) through open market sales overseas as part of its broader strategy to streamline its holdings in affiliates and partners. Toyota will sell 4.38 million Harmonic Drive Systems shares, valued at approximately 18.1 billion yen ($123 million) based on Wednesday’s closing price of 4,135 yen per share, reported Reuters. This move comes on the heels of Toyota’s recent decision to divest a stake in Denso, a pivotal member of the Toyota group. In July, Toyota also revealed plans …

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