Sony Gets TSE Approval To List Financial Unit Following Spin-Off

MT Newswires Live

09/08

Sony Group (TYO:6758) said the Tokyo Stock Exchange has approved the listing of its financial arm, Sony Financial Group, following a spin-off, effective Oct. 1, according to a Monday filing on the Tokyo Stock Exchange.

Sony shareholders will receive SFGI shares as dividends in kind, with ADR holders set to get unsponsored SFGI ADRs via JPMorgan.

Sony will retain just under 20% of SFGI, which will no longer be a consolidated subsidiary. SFGI also plans a share repurchase facility of up to 100 billion yen starting Sept. 29.

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SFGI also plans a share repurchase facility of up to 100 billion yen starting Sept. 29.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4571","symbol_name":"数字音乐概念","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2565450914","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2565450914","pubTimestamp":1757319054,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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