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Daiko Clearing Services announces capital and business alliance with Nomura Research Institute

Friday, 14 Mar 2014 02:00am EDT 

Daiko Clearing Services Corp:Signed capital and business alliance agreement with Nomura Research Institute Ltd (NRI), on March 14.Nomura Research Institute will acquire 2,500,000 shares in Daiko Clearing Services (DCS) from Nomura Holdings Inc for about 1,900 mln yen and increase voting right from 41.32 pct (10,513,064 shares) to 51.15 pct (13,013,064 shares), to be parent company of DCS on April 1.NRI will also sell entire 40 pct stake in a joint venture Nippon Clearing Services Co., Ltd. (NCS) between DCS to NCS, and cooperate with DCS in securities back office business and other business. 

Company Quote

-50.0 -1.11%
17 Apr 2015