United States

Resona Holdings Inc (8308.T)

8308.T on Tokyo Stock Exchange

21 Aug 2017
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Fri, Jul 28 2017

BRIEF-Resona Holdings sets transaction date for full acquisition of Singapore firm AFC Merchant Bank on July 31

* Says co's unit Resona Bank will fully acquire AFC Merchant Bank(Asean Finance Corporation Limited) on July 31

UPDATE 1-Japan's SMFG, Resona agree to combine three regional lenders

* Separately, SMFG to sell 37.2 mln shares in secondary offering (Adds details, context)

BRIEF-Japan's SMFG, Resona agree to combine regional lenders

March 3 Sumitomo Mitsui Financial Group Inc and Resona Holdings Inc:

Japan's SMFG, Resona agree to combine regional lenders

TOKYO, March 3 Japanese banks Sumitomo Mitsui Financial Group (SMFG) and Resona Holdings Inc said on Friday they have agreed to merge their regional lenders, as they face tough market conditions that are expected to worsen in the future.

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