Japan's Deposit Insurance Corp to oppose Shinsei's poison pill defence against SBI

Japan's Deposit Insurance Corp to oppose Shinsei's poison pill defence against SBI

The Shinsei Bank logo is pictured at the lobby of the bank in Tokyo October 22, 2010. REUTERS/Yuriko Nakao

Government-owned Deposit Insurance Corp of Japan (DICJ) is planning to vote against Shinsei Bank’s poison pill defence aimed at blocking SBI Holdings Inc’s $1.1 billion bid, public broadcaster NHK reported on Tuesday.

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