Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in
reliance upon the whole or any part of the contents of this announcement.
SBI HOLDINGS, INC.(Incorporated in Japan with limited liability)
(Stock code: 6488) OVERSEAS REGULATORY ANNOUNCEMENT
This announcement is made pursuant to Rule 13.09(2) of the
Rules Governing the Listing of Securities on The Stock
Exchange of Hong Kong Limited.
Please refer to the attached copy of the Announcement.
On behalf of the Board SBI Holdings, Inc. Yoshitaka Kitao
Chief Executive Officer
Japan, 2 November 2011
As of the date of this announcement, the executive Directors are Mr Yoshitaka Kitao, Mr Taro Izuchi, Mr Takashi Nakagawa, Mr Kenji Hirai, Mr Tomoya Asakura, Mr Takashi Okita, Mr Noriaki Maruyama, Mr Shumpei Morita, Mr Shinji Yamauchi, Mr Makoto Miyazaki, Mr Yoshimi Takahashi, and Mr Masaki Takayanagi, the non-executive Directors are Mr Yasutaro Sawada, Mr Hiroyoshi Kido, Mr Noriyoshi Kimura and Mr Hiroshi Tasaka and the independent non-executive Directors are Mr Masaki Yoshida, Mr Kiyoshi Nagano, Mr Keiji Watanabe, Mr Takeshi Natsuno and Mr Akihiro Tamaki.
November 2, 2011
SBI Holdings, Inc. (TOKYO: 8473 / Hong Kong: 6488)
SBI Holdings, Inc. (hereinafter "SBIH") hereby announces that
it has reached a basic agreement with Shanghai Yidian Holding
(Group) Company (head office: Shanghai; hereinafter
"YIDIAN"). YIDIAN is a large state-owned company directly
managed by the Shanghai Municipal Government and is the only
information company under the Shanghai State-owned Assets
Supervision and Administration Commission. This basic
agreement is to jointly establish an investment fund
targeting chiefly the Chinese information industry.
The planned joint fund consists of USD and RMB funds. SBIH
will provide 100% of the investment in the USD fund. As for
the RMB fund, YIDIAN will make some portion of the
investment, and SBIH and YIDIAN will jointly invite investors
in China to finance the rest. Both funds will be managed by a
fund management company which SBIH plans to establish in
China.
In China, particularly Shanghai, the information industry is
expanding steadily with the support of the government, and
the field of intelligent technology is now entering a new
growth stage. The new fund focuses primarily on companies in
the Technology, Media & Telecommunications (TMT) Industry,
particularly those engaged in the information service
business related to intelligent technology and Internet of
things. YIDIAN aims to expand its mainstay information
business and strengthen its alliances with periphery
companies. Hence, it is considering acquiring and integrating
promising companies among those in which the fund invests.
Meanwhile, SBIH will further expand its business in the
Shanghai region by taking advantage of the fund's
establishment. At the same time, it will make the most of the
know-how about fund management and corporate development that
it has cultivated at home and abroad.
SBIH has joined hands with leading local companies in China
and other emerging countries, where high growth is expected,
to form and manage funds. From now on, SBIH will further
enhance its investment structure, for example, by setting up
funds specialized in the growth industries of emerging
countries.
(Reference) Outline of YIDIAN
Founded in 1960, YIDIAN is a large state-owned company
directly under the Shanghai Municipal Government and the only
information company under the Shanghai State-owned Assets
Supervision and Administration Commission. The Group has 120
or more companies under its umbrella, including 22
consolidated companies (of which, 5 are publicly traded). Its
total assets amount to 29.1 billion RMB (about 351.2 billion
JPY as of the end of December
2010), with net assets of 11.0 billion RMB (about 132.8
billion JPY) and net sales of 40.267 billion RMB (about
486.0 billion JPY) in FY2010.
*Exchange rate: 1 RMB = 12.07 JPY