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Shinsei Bank announces restart of share buybacks after Sept halt

12/28/2021 | 02:32am EDT
A woman walks past a logo of the Shinsei Bank at its branch in Yokohama

TOKYO (Reuters) - Shinsei Bank announced on Tuesday that they will restart share buybacks worth up to 20 billion yen ($174 million)that were suspended in September.

Shinsei Bank temporarily suspended the buybacks because a tender offer by SBI Holdings had changed the pricing process of its shares.

SBI Holdings took effective control of mid-size lender Shinsei in a tender offer this month.

($1 = 114.8700 yen)

(Reporting by Sakura Murakami; Editing by Christian Schmollinger)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
SBI HOLDINGS, INC. 2.76% 2677 Delayed Quote.-14.61%
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