ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business

Itochu joins regional banks to assist overseas corporate forays

TOKYO -- Itochu, together with Aozora Bank and five smaller regional lenders, will give financial and other support to Japanese enterprises located in outlying areas looking to expand overseas amid a shrinking domestic market.

     GL Connect, Itochu's fully owned corporate finance subsidiary based in Tokyo, will undertake the project. The company plans to raise on Wednesday 2.8 billion yen ($24.7 million) through a private placement of new shares to banks and other investors, bringing its capitalization to 3 billion yen, including reserve capital.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more