Key Developments: Seven Bank Ltd (8410.T)

8410.T on Tokyo Stock Exchange

496JPY
19 Dec 2014
Price Change (% chg)

¥11 (+2.27%)
Prev Close
¥485
Open
¥495
Day's High
¥498
Day's Low
¥490
Volume
2,847,600
Avg. Vol
3,682,084
52-wk High
¥524
52-wk Low
¥352

Search Stocks

Latest Key Developments (Source: Significant Developments)

Seven Bank Ltd to issue 11th series unsecured corporate bonds
Tuesday, 9 Dec 2014 10:30pm EST 

Seven Bank Ltd:To issue 11th series unsecured corporate bonds worth 15 billion yen through public offering.Face value of 100 million yen and issue price at 100 yen per face value of 100 yen.Interest rate of 0.536 pct.Maturity on Dec. 20, 2024.Subscription date on Dec. 10 and payment date on Dec. 17.SMBC Nikko Securities Inc., Mitsubishi UFJ Securities Holdings Co.,Ltd., Daiwa Securities Co. Ltd. and Nomura Securities Co., Ltd are underwriters.  Full Article

Seven Bank Ltd to establish subsidiary
Thursday, 19 Jun 2014 03:25am EDT 

Seven Bank Ltd:To establish a wholly owned subsidiary based in Kanagawa on July 1.New subsidiary to be engaged in trustee business.New subsidiary to be capitalized at 30 million yen.  Full Article

Seven Bank completes establishment of joint venture
Wednesday, 11 Jun 2014 03:00am EDT 

Seven Bank Ltd:Completed establishment of joint venture PT. ABADI TAMBAH MULIA INTERNASIONAL with PT. ALTO NETWORK, on June 10.The joint venture capitalized at 10 bln rupiah is engaged in automatic teller machine (ATM) operation business.The company is holding 70 pct stake and ALTO NETWORK is holding 30 pct stake in the joint venture.  Full Article

R&I affirms rating on Seven Bank Ltd at "AA"
Wednesday, 12 Feb 2014 01:00am EST 

Seven Bank Ltd:Says Rating and Investment Information, Inc. (R&I) affirmed rating on Seven Bank, Ltd. at "AA".Says the rating outlook is stable.  Full Article

Seven Bank Ltd raises year-end dividend forecast for FY 2014
Thursday, 6 Feb 2014 11:00pm EST 

Seven Bank Ltd:Says it has raised its year-end dividend forecast to 4.00 yen per share from 3.50 yen per share for fiscal year ending Mar. 2014.  Full Article

Seven Bank Ltd to Establish Joint Venture in Indonesia
Sunday, 10 Nov 2013 09:30pm EST 

Seven Bank Ltd announced that it has decided to establish a joint venture with PT. ALTO NETWORK, in April 2014. The joint venture, PT. ATM Service Indonesia, will be engaged in operation of automatic teller machine business, based in Indonesia. The Company and PT. ALTO NETWORK will hold a 70% stake and a 30% stake in the joint venture respectively.  Full Article

Seven Bank Ltd's Subsidiary Completes Acquisition of ATM Business from Global Axcess Corp.
Sunday, 29 Sep 2013 09:00pm EDT 

Seven Bank Ltd announced that its United States-based subsidiary, Financial Consulting & Trading International, Inc. (FCTI), has completed to acquire the ATM business owned by Global Axcess Corp. and its United States-based subsidiaries on September 27, 2013 (United States local time).  Full Article

Seven Bank Ltd Announces Court Decision on the Acquisition of the ATM Business of Global Axcess Corp. by Subsidiary
Tuesday, 10 Sep 2013 08:15pm EDT 

Seven Bank Ltd announced that its United States-based subsidiary, Financial Consulting & Trading International, Inc. (FCTI), was selected by a decision of the US Nevada bankruptcy court, as the final and conclusive acquirer of the ATM business owned by Global Axcess Corp. and its US subsidiaries (collectively, Global Axcess) on September 10, 2013 (September 11, 2013, Japan local time) based on, among others, the outcome of the open bid under Chapter 11, Section 363 of the US Bankruptcy Code , for which a petition was filed by Global Axcess. The acquisition will be implemented upon the fulfillment of the conditions precedent to closing pursuant to the asset purchase agreement entered into as of August 5, 2013 (US local time) by and between FCTI and Global Axcess, and the closing is expected to take place on September 18, 2013. The final and conclusive acquisition price was changed to USD 10,917 thousand from the previously announced USD 10,000 thousand as a result of, among others, the open bid.  Full Article

Seven Bank Ltd's Subsidiary Signs Asset Purchase Agreement with Global Axcess Corp
Tuesday, 6 Aug 2013 07:00pm EDT 

Seven Bank Ltd announced that its wholly owned subsidiary, Financial Consulting & Trading International, Inc. (the Purchaser), entered into an Asset Purchase Agreement (the Asset Purchase Agreement) with Global Axcess Corp and its subsidiaries, whereby Global Axcess Corp and its subsidiaries would sell to Purchaser, and Purchaser would purchase and acquire from Global Axcess Corp and its subsidiaries, a majority of the assets of Global Axcess Corp and its subsidiaries. The transaction will be subject to the United States Bankruptcy Code (the Bankruptcy Code), and pursuant to Global Axcess Corp's motion to approve bid procedures in connection with such sale, would include a marketing process. The Asset Purchase Agreement provides for consideration to be paid by Purchaser in the form of assumption of specified liabilities, including payables owed to nearly all of Global Axcess Corp's suppliers, and payment in cash to Global Axcess Corp of USD 10,000,000 (minus a hold-back amount of USD1,000,000 (to be released upon the occurrence of certain conditions), and minus certain estimated lease payments), subject to working capital adjustment. The transaction is subject to certain closing conditions as specified in the Asset Purchase Agreement. The Asset Purchase Agreement also provides for a break-up fee of USD 600,000, payable to Purchaser by Global Axcess Corp upon the occurrence of certain events.  Full Article

Seven Bank Ltd Raises Year-end Dividend Forecast for FY 2013
Friday, 8 Mar 2013 01:00am EST 

Seven Bank Ltd announced that it has raised the year-end dividend forecast from JPY 3.25 per share to JPY 3.50 per share for the fiscal year ending March 2013.  Full Article

Search Stocks