TYO:8366

2 stories mentioning TYO:8366Updated 38d ago

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The Shiga Bank and Senshu Ikeda Enter Business Alliance With Cross-Shareholdings of 0.5% to 1%

The Shiga Bank (TYO:8366) and Senshu Ikeda (TYO:8714) have agreed to form a capital and business alliance, under which each company will acquire approximately 0.5% to 1% of the other's shares based on current stock prices.The two regional financial institutions aim to strengthen their capabilities by leveraging mutual resources such as branch networks, customer bases, human capital, and brands, according to Tokyo bourse filings on Friday.Key alliance fields include corporate growth support, wealth management services for individuals, sustainable finance, digitalization, and human resource development and exchange.

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Asia62d ago

Senshu Ikeda, Shiga Bank Deny Report on Possible Alliance

Senshu Ikeda Holdings (TYO:8714) and Shiga Bank (TYO:8366) said they have not made any decisions on a potential capital and business alliance following a media report, according to a Thursday filing on the Tokyo Stock Exchange.Both companies said a report by the Nihon Keizai Shimbun on a possible tie-up was not based on information they released. They said they are considering various strategic options, including a potential alliance with each other, but no decisions have been made.

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