Morningstar Japan K.K. cancelled the acquisition of 10% stake in SBI Bond Investment Management Co., Ltd. and SBI Regional Revitalization Asset Management on April 19, 2020.
April 19, 2020
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Morningstar Japan K.K. (JASDAQ:4765) agreed to acquire 10% stake in SBI Bond Investment Management Co., Ltd. and SBI Regional Revitalization Asset Management for approximately ¥140 million on April 19, 2019. Morningstar Japan K.K. will pay ¥107 million for 600 shares of SBI Bond Investment Management Co., Ltd. and ¥30 million for 600 shares of SBI Regional Revitalization Asset Management. In a related transaction Morningstar Japan K.K. agreed to acquire SBI Alternative Investments Co., Ltd. from Sbi Global Asset Management Co., Ltd. April 19, 2019.
Morningstar Japan K.K. (JASDAQ:4765) cancelled the acquisition of 10% stake in SBI Bond Investment Management Co., Ltd. and SBI Regional Revitalization Asset Management on April 19, 2020.
SBI Global Asset Management Co Ltd, formerly Morningstar Japan KK, is engaged in the financial services and asset management businesses. The Company operates its business through two segments. The Asset Management segment provides investment management services, including the establishment, offering, and management of investment trusts, mainly publicly offered additional equity investment trusts and privately placed bond investment trusts, investment advisory services for Fund of Funds and other funds, and consulting services related to defined contribution pension plans. The Financial Services segment provides data solutions and media solutions. The data solutions sells the web-based version of Stock Newspaper, distributes stock price and corporate information, and provides fund analysis reports and stock reports, among others. The Media Solutions provides advertising on the Company's website, marketing consulting, advertising agency services, among others.
Morningstar Japan K.K. cancelled the acquisition of 10% stake in SBI Bond Investment Management Co., Ltd. and SBI Regional Revitalization Asset Management on April 19, 2020.