TYO:8541

2 stories mentioning TYO:8541Updated 51d ago

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Iyogin, Ehime Bank Plan Business Integration

Iyogin Holdings (TYO:5830) and Ehime Bank (TYO:8541) entered into a basic contract to conduct discussions regarding a potential business integration, according to a joint filing with the Tokyo bourse Friday.The companies are considering a share exchange targeted for April 1, 2027, in which Japanese lender Iyogin will become the parent of Ehime Bank, subject to the necessary approvals.Ehime Bank's shares are intended to be delisted from the Tokyo Stock Exchange before the effective date of the share exchange.The two parties intend to work together to ensure mutual growth by boosting their management base, improving financial intermediary functions, and creating a sustainable business model.

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Asia52d ago

Iyogin Confirms Merger Discussions with Ehime Bank

Japanese lender Iyogin Holdings (TYO:5830) said discussions on a potential business integration with Ehime Bank (TYO:8541) are underway, confirming the matter is on the agenda for its board meeting on Friday.The company said, however, that recent media reports suggesting the two regional lenders are in the final stages of merger talks were not based on any official announcement by Iyogin, according to a statement.Earlier, Nikkei Asia reported that Iyogin and Ehime Bank plan to merge under a joint holding company by April 2027.The combined group would have about 12 trillion yen in assets, making it one of Japan's 20 largest regional banking groups and serving about 70% of corporate clients in Ehime Prefecture, the report said.

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