SBI SECURITIES Co., Ltd. acquired 17.14% stake in The Daito Bank, Ltd. from Prospect Co., Ltd..
May 28, 2020
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SBI SECURITIES Co., Ltd. agreed to acquire 17.14% stake in The Daito Bank, Ltd. (TSE:8563) from Prospect Co., Ltd. (TSE:3528) on May 29, 2020. As part of the transaction, Prospect Co., Ltd. will sell 2.2 million shares and will own 0.22 million shares representing 1.72% stake post transaction.
SBI SECURITIES Co., Ltd. completed the acquisition of 17.14% stake in The Daito Bank, Ltd. (TSE:8563) from Prospect Co., Ltd. (TSE:3528) on May 29, 2020.
THE DAITO BANK, LTD. is mainly engaged in the provision of banking services. The Bank operates in three business segments. The Banking segment is engaged in the operation of deposits, loans, securities investment, domestic and foreign exchange business, securities investment trust, and the counter sales of insurance products. The Leasing segment is engaged in the provision of financial leasing services. The Others segment is engaged in the provision of credit card services and credit guarantee services.