An unknown buyer acquired 9.17% stake in eGuarantee, Inc. from ITOCHU Corporation.
May 20, 2020
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An unknown buyer acquired 9.17% stake in eGuarantee, Inc. (TSE:8771) from ITOCHU Corporation (TSE:8001) on May 21, 2020. Under the terms, ITOCHU Corporation sold 3.9 million shares and simultaneously holds 6.33 million shares of eGuarantee, Inc.
An unknown buyer completed the acquisition of 9.17% stake in eGuarantee, Inc. (TSE:8771) from ITOCHU Corporation (TSE:8001) on May 21, 2020.
eGuarantee, Inc. is a Japan-based company engaged in the credit guarantee business. The Company is involved in the analysis and screening of information based on the corporate credit information database, as well as the promotion of liquidation for transference of credit risks. The Company provides guarantee services for industrial corporations, including the entrusted business for risks with bad debts, such as trading and contract agreements, as well as guarantee services for financial corporations, including the entrusted businesses for risks with financial obligations, advanced payment debts and repayment claims. The Company operates its business through community banks, major city banks, trust banks, security companies, commercial firms, major financial institutions, leasing companies, nonbanks, and insurance agents in Tokyo, Osaka, Kyushu and Nagoya Prefectures.
EGUARANTEE, INC. 
