Lates News

SEVEN Bank announced on September 26th that they have decided to sign a capital and business alliance agreement with Itochu Corporation and will conduct a third-party allotment of stocks to Itochu to dispose of their inventory stocks. SEVEN Bank will distribute 191,700,000 shares of inventory stocks to Itochu, raising approximately 51.4 billion Japanese yen. As a result, Itochu's shareholding is expected to reach 16.34%. In addition to acquiring company shares through this inventory stock disposal, Itochu Corporation also plans to increase their shareholding in the company through market purchases or other transactions until they hold 20% of the voting rights in the company.