FilingReader Intelligence
Chiba Bank to acquire significant stake in Chiba Kogyo Bank
March 28, 2025 at 12:02 PM UTC•By FilingReader AI
The Chiba Bank (TSE: 8331) announced today its decision to acquire 11,812,000 shares of The Chiba Kogyo Bank (Securities Code: 8337) from Ariake Master Fund for approximately 23.7 billion yen, a move that will increase its stake to 19.97%. This share acquisition, approved by Chiba Bank's Board of Directors on March 28, qualifies as a "buying up" under financial regulations.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
Primary Source Document
TSE:8331•Tokyo Stock Exchange
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