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Technology Stocks : Softbank Group Corp

SFTBY 59.78

-6.2%

Nov 18 3:59 PM EST

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To: Nihon-jin who wrote ()	6/22/2000 6:01:00 AM
From: Anchan	Read Replies (1) of 6020

Thursday, June 22, 2000 Softbank Set To Lift Limit For Share Issuance TOKYO (Dow Jones)--Softbank Corp. (9984) is set to triple the ceiling for the number of outstanding shares it can issue to 1.2 billion from 400 million at present, Softbank said Thursday. The plan was approved at the annual shareholders meeting Thursday, and will go into effect from Friday, the company said. Softbank currently has 110 million shares issued and will triple this number to 330 million upon its 3-for-1 stock split Friday. After Friday's stock split, Softbank would have had little room left for new share issuance, so it sought to lift the ceiling in order to prepare for the expansion of its investment business.

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