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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, 29 March 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.
March 29, 2012
SBI Holdings, Inc. (TOKYO: 8473 / Hong Kong: 6488)
SBI Holdings, Inc. ("SBIH") hereby announces that it has
concluded a memorandum of understanding with Digital Garage,
Inc. (Head office: 3-5-7 Ebisu Minami, Shibuya-ku, Tokyo;
President and CEO: Kaoru Hayashi; "Digital Garage") to form a
partnership regarding the global expansion of its investment
and incubation operations. Please note that SBIH will
transfer all shares of SBI VeriTrans Co., Ltd. to a
subsidiary of Digital Garage, as stated in the "Notice
Regarding Transfer of Shares of SBI VeriTrans, a Subsidiary
of SBI Holdings," released today.
With strategic bases established in the U.S., Digital Garage
is promoting overseas expansion of the incubation business,
in which it has achieved success in Japan. Meanwhile, SBIH is
proactively expanding the investment and financial service
businesses overseas, mainly in Asian emerging countries
through tie-ups with prominent local partners. From now on,
taking advantage of their strengths in different regions,
(SBIH in Asia and Digital Garage in the U.S.), they will
jointly cultivate Internet-related companies, which provide
promising services worldwide, and invest in and incubate
these companies, under the planned alliance. As the first
step, both companies will consider jointly establishing
investment funds focused primarily on Internet-related
companies in the U.S., Japan and the rest of Asia.
(1) Corporate name | Digital Garage, Inc. |
(2) Head office | 3-5-7 Ebisu Minami, Shibuya-ku, Tokyo, Japan |
(3) Representative | President and CEO: Kaoru Hayashi |
(4) Main Business | IT Solutions |
(5) Capital | 6,017,283 thousand yen |
(6) Date of establishment | August 17, 1995 |