Japan Post Holdings Announces Sale of Shares in Banking Unit
Tokyo, Feb. 27 (Jiji Press)--Japan Post Holdings Co. said Thursday that it will sell a portion of its shares in Japan Post Bank in mid-March, in order to increase the flexibility of the banking unit's management.
The parent company is expected to sell up to about 420 million shares, and proceeds from the sale are seen reaching around 600 billion yen, based on the current stock price of Japan Post Bank.
(2025/02/27-18:56)
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