Japan Megabanks’ Strategic Share Sale Marks Big Priority Shift
Global Finance
JULY 23, 2024
Significantly, Mizuho CEO Masahiro Kihara said the bank will either pass on the proceeds from its sales of equity holdings to investors as dividends or invest them in growth-directed activities, and Sumitomo Mitsui aims to reduce the market value of its equity holdings to less than 20% of the value of its consolidated net assets.
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