Seibu Holdings Bolsters Control Over NW Corporation

Seibu Holdings, Inc. (JP:9024) has released an update.

Seibu Holdings Inc. has increased its stake in NW Corporation, a consolidated subsidiary, to strengthen shareholder value and corporate governance. With the acquisition, Seibu Holdings now controls 90.5% of NW’s voting rights. The financial impact of this acquisition will be reflected in the company’s future financial statements, and consideration is being given to making NW a wholly-owned subsidiary.

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