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Senshu Ikeda Holdings Inc to Form Joint Venture with Tokai Tokyo Financial Holdings Inc
Senshu Ikeda Holdings Inc and Tokai Tokyo Financial Holdings Inc announced jointly that the two companies will co-establish a securities company. Tokai Tokyo Financial Holdings will establish the securities company as a wholly owned subsidiary, and after that, Senshu Ikeda Holdings will acquire a 60% stake in the securities company. As a result, Senshu Ikeda Holdings and Tokai Tokyo Financial Holdings will each hold a 60% and 40% stake in the securities company.
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