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SBI Holdings, Inc. rises on negative goodwill gain from Kyobo Life Insurance equity-method investment
SBI Holdings, Inc. <8473> shares were firm. The company announced after the April 27 close that it will record approximately 67.4 billion yen in negative goodwill as equity-method gains for the January-March quarter, following the designation of South Korea’s Kyobo Life Insurance as an equity-method affiliate. The move buoyed the stock after SBI completed the acquisition on Jan 16 following approval from South Korean financial authorities.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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