Further re Consolidation
January 18 2002 - 1:16AM
UK Regulatory
RNS Number:1685Q
Asahi Bank Ld
18 January 2002
January 18, 2002
Daiwa Bank Holdings, Inc.
The Asahi Bank, Ltd.
Completion of the Preliminary Screenings by the Financial Services Agency (FSA)
for Asahi Bank to Become a Wholly Owned Subsidiary of Daiwa Bank Holdings. Inc.
Daiwa Bank Holdings, Inc. (Daiwa Bank HD, hereafter, President: Yasuhisa
Katsuta) and The Asahi Bank, Ltd. (Asahi Bank, hereafter, President: Yukio
Yanase) hereby announce that the preliminary screenings by the Financial
Services Agency (FSA) for Asahi Bank to become a wholly owned subsidiary of
Daiwa Bank HD were completed today.
Daiwa Bank HD and Asahi Bank will proceed with the necessary procedures
including general meetings of shareholders, submissions of various applications,
etc towards the completion of the management consolidation scheduled on March 1,
2002.
For inquiry:
Daiwa Bank Holdings Corporate Communications Division
Mr. Kodama
Tel:+81-6-6264-5685
Asahi Bank Corporate Communications Department
Mr. Matsui
Tel:+81-3-5223-5078
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