SBI : Notice Regarding Cancellation of Offering and Secondary Offering of SBI Sumishin Net Bank Shares and the Cancellation of Partial Sale of Shares
March 07, 2022 at 01:49 am EST
Share
March 7, 2022
SBI Holdings, Inc.
(TOKYO: 8473)
(Cancellation of Disclosed Matter) Notice Regarding Cancellation of Offering and
Secondary Offering of SBI Sumishin Net Bank Shares and the Cancellation of Partial Sale
of Shares Held by the Company
As stated in the "Notice Regarding Approval for Listing of an Equity-Method Affiliate of the Company (SBI Sumishin Net Bank, Ltd.) and Partial Sale of Shares Held by the Company" on February 15, 2022, SBI Holdings, Inc. (hereinafter the "Company") had announced its plans to conduct a partial sale of shares held in SBI Sumishin Net Bank, Ltd. (President & CEO: Noriaki Maruyama; hereinafter "SSNB") with regards to the offering and secondary offering of shares of common stock of SSNB (hereinafter the "Offering and Secondary Offering") in connection with its new listing on the First Section of the Tokyo Stock Exchange. However, due to the impact of the situation in Ukraine and recent market conditions, SSNB decided today to cancel the Offering and Secondary Offering and postpone the listing procedures on the Tokyo Stock Exchange.
Accordingly, the Company announces that it will also cancel the partial sale of shares of SSNB. The Company will promptly announce any decisions or matters that should be disclosed in the future regarding this matter.
SBI Holdings, Inc. Corporate Communications Dept., Tel: +81 3 6229-0126
Appendix
March 7, 2022
SBI Holdings, Inc.
Sumitomo Mitsui Trust Bank, Limited
SBI Sumishin Net Bank, Ltd.
Notice regarding Resolution of the Board of Directors of SBI Sumishin Net Bank, Ltd. to
Cancel the Issuance and Sale of Shares
At its board of directors meeting held on March 7, 2022, SBI Sumishin Net Bank, Ltd. (President & CEO: Noriaki Maruyama, hereinafter "SSNB") resolved to cancel the issuance and sale of its shares in connection with the listing of SSNB on the Tokyo Stock Exchange pursuant to the board of directors resolution on February 15, 2022, and to postpone the listing procedures of SSNB on the Tokyo Stock Exchange, upon comprehensive consideration of environmental factors including the situation in Ukraine and recent market movements. SBI Holdings, Inc. (President & CEO: Yoshitaka Kitao) and Sumitomo Mitsui Trust Bank, Limited (President: Kazuya Oyama) accordingly hereby announce the cancellation of the sale of SSNB's shares.
Any future recommencement of the listing procedures will be determined based on a comprehensive assessment of market movements and other factors.
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SBI Holdings Inc. published this content on 07 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 March 2022 06:48:08 UTC.
SBI Holdings Inc is a Japan-based company mainly engaged in the financial business. The Company operates five business segments. The Financial Services segment engages in various finance related businesses, centered on securities related, banking, and insurance businesses in Japan and overseas. The Asset Management segment is engaged in investment management, including the establishment, offering, and management of investment trusts, investment advisory services, and provision of financial products information. The Investment segment includes investment in domestic and overseas information technology (IT), fintech, blockchain, financial, and biotechnology related venture companies. The Crypto-asset segment provides crypto-asset exchange and trading services. The Non-financial segment is engaged in various businesses such as bio-healthcare & medical informatics business, Web3 related business, renewable energy business, and businesses developing in new overseas markets such as Africa.
SBI HOLDINGS, INC. 
