TOKYO - Sumitomo Mitsui Banking Corp and three other Japanese banks have started looking into extending up to 2 trillion yen in loans to support a merger between KioxiaMusicians, humour and stories galore help Bruce Guthro's Celebration of Life | SaltWireTOKYO - Sumitomo Mitsui Banking Corp and three other Japanese banks have started looking into extending up to 2 trillion yen in loans to support a merger between Kioxia Holdings and Western Digital Corp, Bloomberg News reported on Wednesday.
On top of the 1.6 trillion yen in loans, the banks are also likely to commit to another 400 billion yen, Bloomberg said.
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Chip Memory Firm Kioxia’s Banks Prep $14 Billion Loan for Western Digital MergerKioxia Holdings Corp.’s lenders plan to submit a commitment letter in October for the refinancing of ¥2 trillion ($14 billion) in loans to help fund the merger with Western Digital Corp.’s flash memory business that’s still under discussion, according to people familiar with the matter.
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Japanese companies warm up to employee stock incentivesAirline operator ANA Holdings plans to offer around $60 million worth of shares to thousands of employees, the latest Japanese company to use employee share incentives as a tool to retain talent and comply with a request by the regulator to pay more attention to share price performance. ANA will offer 100 shares worth about $20 each to about 70% of nearly 45,000 employees in November, following in the footsteps of other major Japanese firms such as Omron and Sony Group. The employee share incentive plans coincide with one of the most severe labour shortages Japan has seen in years, and as the Tokyo Stock Exchange urges listed firms to become 'more conscious' of their share prices due to concerns that far too many companies are trading below their book value.
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Japanese companies warm up to employee stock incentivesBy Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) - Airline operator ANA Holdings plans to offer around $60 million worth of shares to thousands ...
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