TOKYO -- Japan's Aozora Bank said Monday that it will receive 51.9 billion yen ($333 million) in capital from Daiwa Securities Group, part of a tie-up aimed to help shore up operations after its first net loss in 15 years.
The placement of new shares will give Daiwa 15.58% of voting rights, making it Aozora's top shareholder. The brokerage plans to send one outside director to the bank's board.
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