Shinsei Bank announces restart of share buybacks after Sept halt
TOKYO (Reuters) - Shinsei Bank announced on Tuesday that they will restart share buybacks worth up to 20 billion yen ($174 million)that were suspended in September.
Shinsei Bank temporarily suspended the buybacks because a tender offer by SBI Holdings had changed the pricing process of its shares.
SBI Holdings took effective control of mid-size lender Shinsei in a tender offer this month.
($1 = 114.8700 yen)
(Reporting by Sakura Murakami; Editing by Christian Schmollinger)
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