Nomura Co Ltd (9716.T)
Latest Key Developments (Source: Significant Developments)
April 27 (Reuters) - Shin Pro Maint Inc <6086.T> ::* Says the company updates more details about business and capital alliance with Nomura.* Co will wholly buy Nomura <9716.T>'s wholly owned unit TESCO Co Ltd via stock swap, and one share of Tesco's stock will be exchanged with 0.034976 shares (0.014067 share and 46 yen) of co's stock, effective on Sept. 1.* Says 182,808 shares of common stock in co will be exchanged, representing 10 percent stake outstanding in co.* Co and Nomura will set up a JV in Tokyo, which will be mainly engaged in construction and decoration business in mid-May, with registered capital of 50 million yen .* Co and Nomura will hold a 20 percent stake and a 80 percent stake in JV respectively.* Nomura will own 10.86 percent stake in co as result of selling unit Tesco to co through stock swap, and to be the second major shareholder of co after transaction. Full Article
April 19(Reuters) - Shin Pro Maint Inc <6086.T>:Says it will sign agreement regarding business and capital alliance with Nomura Co ltd <<<9716.T>>>.Says it will restructure itself into holding company, effective Sept. 1. Full Article
Action Square Co Ltd <205500.KQ> :Says it changes CEO of the co to Lee Seung Han from Kim Jae Young on March 14, to focus on game development business and improve company management efficiency. Full Article
Shin Pro Maint plans business and capital alliance with Nomura; announces transition to holding company structure
Shin Pro Maint Inc <6086.T> : Says co plans to form a business and capital alliance with Nomura Co ltd <9716.T> . Says Shin Pro Maint plans to wholly acquire Nomura's wholly owned unit TESCO Co Ltd via stock swap, effective on Sept. 1 . Shin Pro Maint and Nomura are also planning establishment of JV .Shin Pro Maint plans to restructure itself into holding company, effective Sept. 1. Full Article
NEW YORK (IFR) - A multi-year investigation by US regulators into the role that big banks played in creating toxic mortgage securities nearly a decade ago is now drawing to a close.