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Article: SONY FINANCIAL SELLS SHARES TO SONY TO LIFT CAPITAL BY US$92 MLN.
- Article from:
- AsiaPulse News
- Article date:
- June 29, 2004
CopyrightCOPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TOKYO, June 29 Asia Pulse - Sony Financial Holdings Inc. announced Monday that it has issued 100,000 new common shares to sole stockowner Sony Corp. (TSE:6758) in order to boost its capital by 10 billion yen (US$92 million).
Sony Financial Holdings intends to use the proceeds to lift the capitalization and capital ratio of its unit Sony Bank.
The bank's ...