Ï㽶ÊÓƵ Announces Partial Sale of Shares of eGuarantee, Inc.
May 21, 2020
Ï㽶ÊÓƵ (headquartered in Minato-ku, Tokyo; Yoshihisa Suzuki, President & COO; hereinafter ¡°Ï㽶ÊÓƵ¡±) announced today that it has sold part of its shares of eGuarantee, Inc. (headquartered in Minato-ku, Tokyo; Masanori Eto, President & CEO; hereinafter ¡°eGuarantee¡±), an equity-method affiliated company, as described below.
1. Details of shares sold
| Number of shares sold | 3,900,000 shares |
|---|---|
| Date of sale | May 21, 2020 |
| Number of shares held after sale | 6,336,800 shares (ratio to the total number of shares outstanding: 14.9%) |
2. Future policy
Since establishing eGuarantee in 2000 as a subsidiary, Ï㽶ÊÓƵ has been collaborating with the subsidiary throughout its growth stage. Ï㽶ÊÓƵ does not plan to sell additional shares at this time, as Ï㽶ÊÓƵ intends to hold its shares to pursue the expansion of synergies with eGuarantee to build, maintain, and strengthen the business and collaborative relationships related to the guarantee business.