SoftBank (TYO:9434) said the capital increase in its consolidated subsidiary LINE MAN Corp. is delayed to the end of October from August due to the time required to finalize the agreement, according to a Friday release.
The Japanese telecommunications and technology company said the capital increase, to be conducted through LINE Southeast Asia Corp., involves the acquisition of 12.4 million LINE MAN shares for $130 million.
LINE Yahoo Corp., SoftBank's consolidated subsidiary, already made LINE MAN a consolidated subsidiary as of Sept. 30, 2025.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments