Daiwa Asset Management Co., Ltd. announced that it will issue 652,132 shares of common stock to new investor Japan Post Insurance Co., Ltd. for 20% stake in the company on May 15, 2024. This has been approved in the board of directors of the Japan Post Insurance Co., Ltd. The company will raise money through third-party allotment capital. The transaction is expected to close on July 1, 2024.
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- Daiwa Asset Management Co., Ltd. announced that it expects to receive funding from Japan Post Insurance Co., Ltd.