NTT Docomo forms capital tie-up with Monex to strengthen financial business

NS fans turn up for Crosby's homecoming | SaltWireTOKYO - Japanese mobile operator NTT Docomo said it formed a capital tie-up with fintech firm Monex Group on Wednesday to build a new financial services business centred on managing its customers' assets.

Monex's brokerage unit Monex Inc will form an intermediate holding company in which Docomo will take a 49% stake and make its consolidated subsidiary, Docomo said. Docomo will buy shares of the intermediate holding company from Monex Group for 46.56 billion yen and subscribe to a third-party allotment of shares worth 2 billion yen, Monex said.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Johnny's becomes Smile-Up. Japanese music company hit with sex abuse scandal takes on a new nameTOKYO (AP) — The Japanese entertainment company that has acknowledged its founder sexually assaulted hundreds of boys over the span of half a century, took a new name on Monday: Smile-Up. It also vowed to focus on compensation for victims of the abuse. Tokyo-based Johnny & Associates, founded in 1975, will eventually fold, but its performers can join an independent company that is being set up, said Noriyuki Higashiyama, the company's new leader and a former star at Johnny’s, as the company is k
Source: YahooFinanceCA - 🏆 47. / 63 Read more »