The Business Times

Daiwa Securities

Property

Daiwa plans 100 billion yen real estate fund as Japan market booms

The Japanese brokerage will target Japanese rental housing and hotels assets that tend to be better insulated from inflation compared with other sectors

Daiwa Securities is the largest shareholder of Aozora, holding 23.65 per cent of shares.
Banking & Finance

Japanese brokerage Daiwa’s Q2 profit jumps 80% on Aozora stake

It also posts a rise in non-operating income of 21.6 billion yen in the quarter due to Aozora being an equity-method affiliate

Net income gained 1.2% from a year earlier during the three months ended June 30 to 24 billion yen (S$213.9 million).
Banking & Finance

Daiwa profit misses estimates amid investment banking losses

Daiwa Securities Group’s profit rose less than analysts estimated as investment banking losses overshadowed gains in the domestic wealth management business.

Combined with an earlier agreement, the purchase will give Daiwa a 24 per cent stake in Aozora, the worst-performing major bank stock in the country.
Banking & Finance

Daiwa Securities to buy Aozora Bank stake from activist fund

DAIWA Securities Group said it will increase its stake in Japan’s unprofitable Aozora Bank. The brokerage’s shares tumbled 4.6 per cent.

Daiwa will buy about US$330 million in newly issued shares from Aozora, giving it roughly 15.6 per cent of voting rights, the companies said in a filing.
Banking & Finance

Daiwa Securities to invest US$330 million in Aozora Bank

This will make Daiwa Securities the bank’s biggest shareholder

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