Sony (SONY) Chief Executive Hiroki Totoki said the spin-off of the group's financial services arm will have its own fundraising capabilities, Reuters reported Thursday, citing comments at the company's investor day meeting.
"Through the spin-off, Sony will secure its own fundraising capabilities while continuing to use the Sony brand and collaborate with Sony Group," he was quoted as saying.
Sony plans to distribute just over 80% of its shares to Sony Financial Group to shareholders through dividends in kind in a rare spin-off in Japan, the report said.
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