Shinsei Bank announces restart of share buybacks after Sept halt

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FILE PHOTO: A woman walks past a logo of the Shinsei Bank at its branch in Yokohama, south of Tokyo, June 23, 2010. REUTERS/Issei Kato
FILE PHOTO: A woman walks past a logo of the Shinsei Bank at its branch in Yokohama, south of Tokyo, June 23, 2010. REUTERS/Issei Kato

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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