SoftBank Group Corp said on Friday it planned to slash its exposure to wireless carrier SoftBank Corp to 40.4% from 62.1% now, in a sale worth 1.47 trillion yen ($13.8 billion) at Friday's closing price.
TOKYO: SoftBank Group Corp said on Friday it planned to slash its exposure to wireless carrier SoftBank Corp to 40.4% from 62.1% now, in a sale worth 1.47 trillion yen ($13.8 billion) at Friday’s closing price.
The offer price for the 1.02 billion shares, including over-allotment, will be set between Sept. 14-16.
SoftBank Corp shares closed down 1.6% at 1,431 yen on Friday.
SoftBank CEO Masayoshi Son has been selling down the group’s core assets to stabilise its balance sheet amid the coronavirus pandemic.
($1=106.2100 yen)
Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor
Comments
0 comment