Softbank denies talks on stake sale.

Australasian Business Intelligence,  March, 2002  

Tags: Softbank Corp.

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Mar 20, 2002 (The Asian Wall Street Journal

ABIX via COMTEX) -- Shares in Aozora Bank are the subject of sale speculation in Japan. The president of Softbank Corporation, Masayoshi Son, predicts a group net loss for the Japanese investment firm for the year ending 31 March 2002. A group net loss of Y54.3bn was recorded by the group for the first six months of the fiscal year. Revenue for the interim period was Y183.4bn. Softbank denies that is engaged in discussions to sell the majority of its shares in Aozora Bank. The share price of Softbank decreased by 2 to Y2,430 on 20 March ...

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