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Technology Stocks : Softbank Group Corp -- Ignore unavailable to you. Want to Upgrade?


To: michelda who wrote (4949)4/24/2000 9:51:00 PM
From: b_spiral  Respond to of 6020
 
Yahoo and Softbank limit up - how nice to have their own economy.

Edwin you missed one, this is actually a great investment - Japanese love this stuff and will pay outrageous prices.

Thursday, April 13, 2000
Softbank Investment Takes 20% Stake In Herbal Medicine Maker

TOKYO (Nikkei)--Softbank Investment Corp., a venture capital arm of the Softbank Corp. (9984) group, has taken a 20% stake in Kusurinihondo, a maker and retailer of Chinese herbal medicines, The Nihon Keizai Shimbun has learned.

The Softbank unit purchased 121,300 newly issued shares in Kusurinihondo for 955 million yen. With 20% of Kusurinihondo's outstanding shares, Softbank Investment has become the company's second largest shareholder.

Kusurinihondo now plans to strengthen its online business, and it aims to go public next spring. It will also launch a Web site as early as this fall to distribute information on herbal medicines and prescriptions, and it is set to offer online courses on pharmacy management.

(The Nihon