Nomura to Invest in Taiwan-based Taishin Financial Holdings.Tokyo, Japan, Feb 6, 2006 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) ) - Nomura Holdings Nomura Holdings, Inc. (TYO: 8604 SGX: N33 NYSE: NMR) (野村ホールディングス株式会社) is a Japanese financial holding company. Holdings
Nomura's investment is for both common and preferred shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. and is part of Taishin Financial's planned NT$31 billion (US$968 million) private placement of shares. Payment is set for mid-March 2006. Following the private placement, Nomura will hold a 2.05 percent stake in Taishin Financial based on common stock. On a fully-diluted basis, when all preferred shares held by Nomura and other shareholders are converted, Nomura's stake will stand at 3.39 percent. Taishin Financial Holdings was formed in 2002 following the merger of Dah An Commercial Bank and Taishin International Bank Established in 1992 Taishin International Bank (or just Taishin Bank) is headquartered in Taipei, Taiwan. [1] . Total shareholders' equity Shareholders' Equity A firms' total assets minus its total liabilities. Equivalently, it is share capital plus retained earnings minus treasury shares. Shareholders' equity is the amount by which a company is financed through common and preferred shares. stood at NT$95.3 billion, or US$2.9 billion, as of December 31, 2005. Major companies within the group include Taishin International Bank, Taiwan Securities, and Taishin Bills Finance. Copyright [c] 2006 Japan Corporate News Network. All rights reserved. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion