Brief: GMO payment gateway to raise stake in GMO Financial Gate and GCS
22/08/2016 15:57
Aug 22 (Reuters) - GMO payment gateway Inc 3769.T :
* Says the company, as the wholly owned subsidiary of GMO
Internet Inc 9449.T , plans to buy 58,621 shares in GMO
Financial Gate, a Tokyo-based firm engaged in settlement service
business of credit card etc., for 1.7 billion yen
* Says the company to raise stake in GMO Financial Gate to
65 percent from 49.6 percent, via private placement plan offered
by GMO Financial Gate
* GMO Financial Gate will fully acquire 1,000 shares (100
percent stake) in a Tokyo settlement agent, Global Card System
(GCS), for 770 million yen which was raised from the private
placement plan, thus the company will hold a 65 percent stake in
GCS indirectly after the transaction
* Transaction effective date on Sep. 30
Source text in Japanese: https://goo.gl/S1qZdg ;
https://goo.gl/w1N8qa
Further company coverage: 3769.T 9449.T
(Beijing Headline News)
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