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in reliance upon the 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, 2 December 2011
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.
December 2, 2011
SBI Holdings, Inc. CSJ-SBI Financial Media Co., Ltd.
SBI Holdings, Inc. ("SBIH") hereby announces that its
affiliate CSJ-SBI Financial Media Co., Ltd. (head office:
Shanghai, China; "CSF") has concluded a memorandum of
understanding with Joongang Media Network Co., Ltd. (head
office: Seoul, South Korea; "JMnet"), a leading media group
in South Korea, to form a strategic alliance. CSF is a joint
venture between SBIH and the China Securities Journal, a
subsidiary of Xinhua News Agency.
Established in 1965, JMnet is a major media group affiliated
with the Samsung Group of South Korea. It has JoongAng Ilbo,
South Korea's largest newspaper company with a circulation of
over 1.80 million copies, and more than 20 media such as
magazines and cable TV stations, under its umbrella. JMnet is
also in a partnership with many Japanese and Chinese media
companies, including Jiji Press, Ltd. and Nihon Keizai
Shimbun Inc.
Under the alliance, CSF plans to distribute Chinese financial
and economic information via the website of
JoongAng Ilbo, and conduct the following businesses.
- Provision of the database of listed Chinese companies and
fund database, which are held by CSF, for financial
institutions and individual investors in South Korea.
- Reporting of surveys and research and preparation of
related reports in accordance with the needs of
South Korea's financial and research institutions.
- Sharing of international advertising clients held each by
CSF and JMnet in China and South Korea.
CSF and JMnet will also consider launching a joint enterprise
with the China Securities Journal and SBIH, both shareholders
of CSF.
Furthermore, CSF will proactively strengthen tie-ups with
companies in China and overseas, aiming to become a
comprehensive financial media group in the East Asia area
covering Japan, China and South Korea.