SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Softbank Investment International (HK0648) -- Ignore unavailable to you. Want to Upgrade?


To: Maika who wrote (550)1/30/2001 3:55:03 PM
From: ms.smartest.person  Read Replies (1) | Respond to of 615
 
Barbara, I am going to email SBISF IR.

Softbank Contact Information



Address:
11/F Man Yee Building
68 Des Voeux Road Central
Hong Kong

Tel: (852) 2155 2688

Fax: (852) 2155 9898

Email: contact@softbank.com.hk

I also posted message to Jay Chen on SFTBF board, asking if he had heard anything other than trading suspended. It is not a good idea to get TOO excited about news that is maybe NO news. It would be nice to have less loss (15,000 shares @2- ugh) and to think we might have really bought something. Don't know if it will ever get back to $2.00; that is reasonably expensive for HK stocks.

Too bad I did not know that last year.

Still surfing, trying AWSJ and Australia next.

Merry



To: Maika who wrote (550)1/30/2001 4:05:40 PM
From: ms.smartest.person  Read Replies (1) | Respond to of 615
 
Softbank Finance Considering Intermediary Holding Companies

Sure hope it is not connected to this. No mention of SFTBF Internation, but IMO SFTBF needs cash (even if they deny it) and I would not put it past Son and Kitao to shuffle companies and assets around (for SFTBF benefit). I thought Kitao was president of SBISF initially; he is now Chairman. Merry

Tuesday January 30 12:11am EST

TOKYO -(Dow Jones)- Softbank Corp.'s (J.SFT or 9984) fully owned financial service unit Softbank Finance Corp. said it is considering setting up intermediary holding companies to operate between itself and other companies in the Softbank group in a bid to improve groupwide efficiency.

Softbank Finance is considering classifying its 26 units and affiliates by business type and model into an undecided number of groups that would then each be overseen by an intermediary holding company.

Currently, Softbank Finance acts as a holding company overseeing the operations of all companies in the group.

"Under the new organization, we plan to list not each company in a group, but each holding company (overseeing the group)," Softbank Finance President Yoshitaka Kitao said.

>b>Kitao said further details of the plan have yet to be decided on.

Softbank Finance itself operates under its own holding company, Softbank Corp.

(This story was originally published by Dow Jones Newswires)
Copyright (c) 2001 Dow Jones & Company, Inc.

All Rights Reserved
Copyright (C) 2001 Dow Jones & Company, Inc. All Rights Reserved.

dowjones.work.com