The Shimane Bank announced on the 16th that it will raise ¥10 billion through a third-party allotment underwritten by SBI Shinsei Bank, a subsidiary of SBI Holdings. The investment will come from the SBI Group, and the capital increase is inferred to be implemented.
The Shimane Bank announced on the 16th that it will raise ¥10 billion through a third-party allotment underwritten by SBI Shinsei Bank, a subsidiary of SBI Holdings. The funds will be provided by the SBI Group, and the capital increase procedures will proceed.
The subscriber for the capital increase is SBI Shinsei Bank, and the amount to be raised is ¥10 billion. The investment will come from the SBI Group. Details of the procedures are expected to be disclosed in due course.
The announcement concerns The Shimane Bank’s capital structure, and the formal transaction procedures are expected to progress in due course.