Rakuten (JP:4755) has released an update.
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Rakuten Group, Inc. and Rakuten Bank, Ltd. have announced a delay in the reorganization of Rakuten’s FinTech Business, moving the target date from October 2024 to January 2025. The delay is to allow for a more comprehensive review, considering regulatory, shareholder interests, and optimal group structure for growth. No changes to the reorganization’s objectives, structure, or Rakuten Bank’s listing status are expected outside of the revised timeline.
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