Japanese ‘Insurers to Sell $3.1 Billion of Honda Shares’

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Japanese ‘Insurers to Sell $3.1 Billion of Honda Shares’ - Asia Financial

Quick Summary:

The move follows a call by the financial regulator for companies to unwind cross-shareholdings, which are seen as spurring lax governance

The post Japanese ‘Insurers to Sell $3.1 Billion of Honda Shares’ appeared first on Asia Financial.

The four firms, which include MS&AD units Mitsui Sumitomo Insurance and Aioi Nissay Dowa Insurance, have previously said they would bring all cross shareholding arrangements to zero.