Japan Post Bank Co’s logo is seen on its ATM machine in Tokyo, Japan, August 12, 2016. REUTERS
TOKYO, Feb 27 (Reuters) – Japan Post Holdings (6178.T), plans to sell its shares in Japan Post Bank (7182.T), in a secondary share sale worth as much as 630 billion yen ($4.22 billion), a regulatory filing showed on Thursday.
The sale, first reported by Reuters on Wednesday, comes as corporate governance reforms are accelerating in Japan with “parent-child” listings, where companies have a listed subsidiary, being scrutinised and companies under pressure to increase free-float share ratios.
Reporting by Mariko Katsumura; Editing by Kim Coghill
