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SBI Holdings Inc to Acquire Shares of photonamic GmbH & Co. KG; Receives Approval to Establish Fund Management Company

Wednesday, 7 Nov 2012 07:00pm EST 

SBI Holdings Inc announced that it has decided to acquire a 20% stake in photonamic GmbH & Co. KG through the Company's Germany-based subsidiary. The Company has received the approval to establish an fund management company in China, which will mainly invest in technology, media and telecommunication business, which a Shanghai-based state-owned company, INESA Information Solutions (Group) Co,.Ltd. 

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-9.0 -0.73%
9:07pm EDT