Asia
Kiyo Bank to Merge Two Credit Card Units
The Kiyo Bank (TYO:8370) decided to merge its wholly owned credit card subsidiaries, Kiyo Card and Kiyo Card DC, through an absorption-type merger effective April 1, 2027, with Kiyo Card as the surviving entity.The consolidation aims to unify management resources, improve operational efficiency, and enhance service capabilities in the cashless payments sector, according to a Tokyo bourse filing on Monday.No consideration will be exchanged as both companies are fully owned by the bank, with the surviving company retaining its leadership and business structure post-merger.
TYO:8370
