Japan's SMFG to buy 10% stake in SBI worth more than $580 million

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TOKYO :Japan's Sumitomo Mitsui Financial Group (SMFG) Inc said on Thursday it would take a 9.9 per cent stake in online financial company SBI Holdings Inc in a deal worth more than $580 million.

SBI will issue new shares worth 79.65 billion yen ($586.

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Category: Economy

Topics: Mediacorp Group Japan Deal Financial Lender Second-largest Experience Online Brokerage Bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 14:56:40

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Reading Time: 2 minutes read

Article Length: 262 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 5593

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About Channel News Asia

Main Topics: Economy

Official Website: channelnewsasia.com

Update Frequency: 57 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 5h ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

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Publisher ID: #27

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