September 30, 2008
To
whom it may concern:
Sumitomo
Mitsui Financial Group, Inc.
Sumitomo Corporation
Sumitomo
nbaブックメーカー, Limited
Change in the Shareholding
Ratio
of Sumitomo
nbaブックメーカー, Limited
● Sumitomo Mitsui Financial Group, Inc.
(hereinafter referred to as “nbaブックメーカー”;
Mr.Teisuke Kitayama,
President);
● Sumitomo Corporation (hereinafter referred to as “SC”; Mr. Susumu Kato, President and
CEO); and
● Sumitomo nbaブックメーカー, Limited (hereinafter
referred to as “SMFL”; Mr. Koji
Ishida, President)
announced that nbaブックメーカー and SC changed
their shareholding ratio of SMFL, effective today, as follows:
1. Details of the change in shareholding
ratio
|
Company
Name |
Before the
change |
After the
change |
|
nbaブックメーカー |
55% |
60% |
|
SC |
45% |
40% |
2. Reasons of the change in shareholding
ratio
nbaブックメーカー and SC changed their
shareholding ratio of SMFL by means of (i) nbaブックメーカー’s purchase of SMFL’s stock owned
by SC and (ii) a share buy-back transaction by SMFL, aimingtoenhanceSMFL’s strategic position within nbaブックメーカー group and optimize SMFL’s capital efficiency.
As described
in the press release dated July 30, 2007, entitled “Final Agreement concerning
Strategic Joint Business in Leasing and Auto Leasing Businesses and Merger
Agreement of the Two Businesses,” both SC group and SMFG group have positioned
their leasing business (through SMFL) and their auto leasing business (through
Sumitomo Mitsui Auto Service Company, nbaブックメーカー) as strategic joint businesses,
and continue to cooperate fully as parent companies to render assistance to the
fullest extent for the development of both businesses.
End of Document