SBI Holdings ( (JP:8473) ) just unveiled an update.
SBI Holdings has announced the partial sale of its shares in SBI Savings Bank to Kyobo Life Insurance, a strategic move aimed at recovering investment and deepening cooperation with Kyobo Life. This transaction will eventually result in SBI Savings Bank transitioning from a consolidated subsidiary to an equity-method affiliate, with Kyobo Life gaining a majority of voting rights, while SBI Holdings retains significant economic interest.
More about SBI Holdings
SBI Holdings, Inc. operates in the financial services industry, primarily focusing on investment and insurance services. The company has a significant presence in the Asian market, particularly in South Korea, where it has invested in and restructured SBI Savings Bank, making it the largest savings bank in the country.
YTD Price Performance: -3.21%
Average Trading Volume: 2,770
Technical Sentiment Signal: Sell
Current Market Cap: $7.77B
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