Toyota Industries Corp. shares surged by their daily limit as investors scrambled to interpret what Toyota Motor Corp. Chairman Akio Toyoda’s proposal to buy out the company would mean for corporate governance at Japan’s largest business group.

TOKYO: Shares of Toyota Industries were set to surge on Monday after Japanese automaker Toyota said over the weekend it was exploring the possibility of investing in a potential buyout of the key parts supplier. Toyota Industries shares remained untraded with a glut of buy orders on Monday.

Shares of Toyota Industries (OTC:TYIDF) were poised to skyrocket on Monday after Toyota Motor (NYSE:TM) announced it was considering an investment in the key parts supplier. Trading in Toyota Industries shares