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Top related persons:
Satoshi Sugiyama - 2 Jacqueline Wong - 2 Shinsei - 1 William Mallard - 1
Top related locs:
TOKYO
Top related orgs:
SBI Holdings Inc - 2 SBI Shinsei Bank - 2 SBI Holdings - 2 SBI - 2 Thomson - 2

Search resuls for: "Shinsei"


4 mentions found


☆ Japan's SBI Holdings raises stake in Shinsei Bank after tender offer
  + stars: | 2023-06-24 | by ( Satoshi Sugiyama Makiko Yamazaki | Satoshi Sugiyama | Makiko Yamazaki | ) www.reuters.com   time to read: +2 min
TOKYO, June 24 (Reuters) - Japanese online financial conglomerate SBI Holdings Inc (8473.T) said on Saturday it has raised its stake in SBI Shinsei Bank (8303.T) to 53.74% from 50.04% through a tender offer as a step toward taking the midsize lender private. SBI Holdings said last month it would launch the tender offer for Shinsei, with plans to pay 2,800 yen per share, for up to 154.2 billion yen in total. That remains far below the 7,450 yen share price the government would need to recoup the value of its loan to Shinsei. According to Shinsei's filing, its special committee suggested the bank was worth at least 3,000 yen per share, and one independent director opposed recommending shareholders tender their shares. It already owns the country's largest online brokerage, an online bank and an asset manager and has been taking shares in smaller lenders to create a nationwide network.
Persons: Shinsei, Satoshi Sugiyama, Jacqueline Wong, William Mallard Organizations: SBI Holdings Inc, SBI Shinsei Bank, SBI Holdings, SBI, Thomson Locations: TOKYO
☆ Japan's SBI Holdings raises stakes in Shinsei Bank after tender offer
  + stars: | 2023-06-24 | by ( ) www.reuters.com   time to read: +1 min
TOKYO, June 24 (Reuters) - Japanese online financial conglomerate SBI Holdings Inc (8473.T) said on Saturday it now has 53.74% shares of midsize lender SBI Shinsei Bank (8303.T) from 50.04% after a tender offer. The completion of the tender offer through Friday is setting up grounds for expected delisting of Shinsei to give more flexibility in returning 349 billion yen ($2.43 billion) in public funds its predecessor bank received two decades ago in a government bailout. SBI Holdings said last month it would take SBI Shinsei Bank private and launch the tender offer with plans to pay 2,800 yen per Shinsei share for 154.2 billion yen in total. It already owns the country's largest online brokerage, an online bank and an asset manager and has been taking shares in smaller lenders to create a nationwide network. ($1 = 143.6800 yen)Reporting by Satoshi Sugiyama; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.
Persons: Satoshi Sugiyama, Jacqueline Wong Organizations: SBI Holdings Inc, SBI Shinsei Bank, SBI Holdings, SBI, Thomson Locations: TOKYO
☆ China coast guard enters disputed waters in East China Sea
  + stars: | 2023-03-15 | by ( ) www.reuters.com   time to read: +1 min
BEIJING, March 15 (Reuters) - China's coast guard entered the waters around disputed East China Sea islets on Wednesday to counter what it called the incursion of Japanese vessels into Chinese territorial waters. Disputed East China Sea islets claimed by China and Japan have long been a sticking point in bilateral ties. China Marine Police spokesperson Gan Yu said in a statement that coast guard vessels entered the waters of the Diaoyu for a "normal rights protection patrol" calling it a "routine move". "(This also）is a strong countermeasure to the Japanese side's intrusion of one yacht and several patrol vessels into our territorial waters," Gan said, though he did not specify any incident. China's coast guard said in late January that the Shinsei Maru and four other Japanese ships illegally entered the territorial waters of the Diaoyu islands before being driven away by Chinese coast guard vessels.
☆ Japan's SBI considering delisting Shinsei, Kyodo says
  + stars: | 2022-10-19 | by ( ) www.reuters.com   time to read: +1 min
TOKYO, Oct 19 (Reuters) - Japanese financial group SBI Holdings (8473.T) is considering delisting mid-size lender Shinsei Bank Ltd (8303.T) and will explore options with the country's banking regulator, the Kyodo news agency reported on Wednesday. SBI said this month it planned to increase its stake to a majority 50.05% by the end of March. An SBI spokesperson said it had nothing to announce at this time. The Japanese government owns about 20% of Shinsei following its bankruptcy in Japan's late 1990s banking crisis. SBI first took a stake in Shinsei after JC Flowers sold down its holding in 2019.
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