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whole or any part of the contents of this announcement.
SBI HOLDINGS, INC.(Incorporated in Japan with limited liability)
(Stock code: 6488) OVERSEAS REGULATORY ANNOUNCEMENT
This announcement is made pursuant to Rule 13.09(2) of the
Rules Governing the Listing of Securities on The Stock
Exchange of Hong Kong Limited.
Please refer to the attached copy of the Announcement.
On behalf of the Board SBI Holdings, Inc. Yoshitaka Kitao
Chief Executive Officer
Japan, 31 May 2012
As of the date of this announcement, the executive Directors are Mr Yoshitaka Kitao, Mr Taro Izuchi, Mr Takashi Nakagawa, Mr Kenji Hirai, Mr Tomoya Asakura, Mr Takashi Okita, Mr Noriaki Maruyama, Mr Shumpei Morita, Mr Shinji Yamauchi, Mr Makoto Miyazaki, Mr Yoshimi Takahashi and Mr Masaki Takayanagi, the non-executive Directors are Mr Yasutaro Sawada, Mr Hiroyoshi Kido, Mr Noriyoshi Kimura and Mr Hiroshi Tasaka and the independent non-executive Directors are Mr Masaki Yoshida, Mr Kiyoshi Nagano, Mr Keiji Watanabe, Mr Takeshi Natsuno and Mr Akihiro Tamaki.
May 31, 2012
SBI Holdings, Inc. (TOKYO: 8473 / Hong Kong: 6488)
Japan's SBI Holdings, Inc. (hereinafter "SBIH") and the
Netherlands Development Finance Company (hereinafter "FMO")
have reached agreement to form a fund, which will be managed
by SBI Ven Capital (Singapore), to invest in promising
financial sector opportunities in emerging Asia. The fund
will have a size of up to USD 80 million, with a first close
target of USD 60 million (of which close to 85% has already
been committed).
Bolstered by an increase in domestic consumption as well as
an increase in intra Asian trade, emerging Asia is expected
to continue growing at a healthy pace. High expected economic
growth, ongoing structural reforms which may result in
consolidation opportunities, socio-political intent to spur
financial inclusion, as well as technological advances, all
augur well for financial sector investments in emerging
Asia.
So far, the SBI Group has made numerous financial sector
investments in emerging Asia with high potential while FMO
provides debt and equity to more than 180 financial
institutions in emerging markets (including to a number of
financial institutions in emerging Asia). This fund will
leverage both of SBIH's and FMO's extensive financial
services platforms that include investment expertise in
identifying and managing promising investment opportunities
to capture high growth opportunities in this rapidly evolving
sector, while adhering to client protection principles and to
FMO's exclusion list policies.
In addition to being one of the largest Japanese PE firms
(with AUM in excess of USD 3 billion), the SBI Group is a
leading global internet-based financial conglomerate. The SBI
Group's core businesses include Asset Management, Brokerage
and Investment Banking, Commercial Banking and Insurance. As
of March 31, 2012, the SBI Group consists of 140 companies
(including consolidated partnerships, equity method
affiliates and 6 publicly listed companies). SBI currently
has investments in more than 13 countries across Asia.
FMO is the bilateral private sector development bank of the
Netherlands. It invests in the private sector, which can
serve as an engine of sustainable growth in developing
markets. To this end, it provides capital, knowledge and
partnerships to ambitious entrepreneurs. With an investment
portfolio of € 5.9 billion, FMO is one of the largest
bilateral private sector development banks worldwide. Its
focus is on three sectors which create a high development
impact: financial institutions, energy and agribusiness, food
& water. This focus enables FMO to offer tailor-made finance
solutions, based on real expertise. In other sectors, it
teams up with renowned partners to combine local networks,
knowledge and experience. FMO believes that its approach will
lead to lasting economic and social development, which will
empower people to employ their skills and improve their
quality of life.
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For further information, please contact:
SBI Holdings, Inc,: Corporate Communications Dept., Tel: +81
3 6229 0126
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