Asia
Hyakujushi Bank Board Approves Absorption-Type Company Split
The Hyakujushi Bank (TYO:8386) board approved an absorption-type company split agreement to transfer rights and obligations related to customer securities accounts to Nomura Securities, according to a Monday filing on the Tokyo Stock Exchange.The absorption-type split, part of the alliance scheme, is subject to approval and is scheduled to take effect on May 6, 2027.Under the simplified absorption-type split, Nomura Securities will act as the successor company, with no shares or other consideration to be provided, and the bank's share capital will remain unchanged.
TYO:8386
