The Nanto Bank, Ltd. cancelled the acquisition of an unknown minority stake in iBank Marketing Co., Ltd.
October 03, 2019
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The Nanto Bank, Ltd. (TSE:8367) signed a basic agreement to acquire an unknown minority stake in iBank Marketing Co., Ltd. on September 19, 2018. The Nanto Bank, Ltd. signed a formal agreement to acquire an unknown minority stake in iBank Marketing Co., Ltd. on April 3, 2019. The payment will be done during 2019.
The Nanto Bank, Ltd. (TSE:8367) cancelled the acquisition of an unknown minority stake in iBank Marketing Co., Ltd. on September 19, 2018. The Nanto Bank, Ltd. signed a on October 3, 2019.
The Nanto Bank, Ltd. is a Japan-based company mainly engaged in banking, leasing and credit guarantee and other financial business. The Company operates through two business segments. Banking segment is engaged in the deposits, loans, domestic exchange and foreign exchange. Leasing segment is engaged in the provision of leasing properties ranging from office equipment to large industrial equipment and automobiles for customers. The Company is also engaged in the provision of credit guarantee business, real estate leasing and management business, software development business, credit card business, employment service and securities business.