Japan to sell 27 percent of Japan PostReuters, TOKYOJapan this month is to sell up to 1.03 billion Japan Post Holdings Co shares, which based on yesterday’s closing would be worth ￥952 billion (US$8.53 billion), a filing showed, to help with rebuilding areas hit by the 2011 earthquake and tsunami. In previous sales, the government raised ￥3.05 trillion from selling down shares of the formerly state-owned Japan Post and its affiliates. A Japan Post mailbox is pictured in Osaka, Japan, on Oct. 27, 2017. In 2015, Japan Post Holdings, Japan Post Insurance Co and Japan Post Bank Co listed at the same time in what was the nation’s biggest privatization in about three decades. The shares are to begin trading four business days after the final price is set and Japan Post Holdings is to buy back up to ￥100 billion, or 3.5 percent, of its own shares.

Source: Taipei Times October 06, 2021 15:56 UTC