SoftBank’s Japanese telecom unit applies for Tokyo listing

SoftBank
Pedestrians walk past a SoftBank Group Corp. store in Tokyo, Japan. Photographer: Tomohiro Ohsumi

SoftBank Group Corp said on Monday that its Japanese telecommunications unit, SoftBank Corp, had made a preliminary application to list its shares on the Tokyo Stock Exchange.

The move was expected after the conglomerate said this year it was making preparations for a listing.

SoftBank Corp will remain a major consolidated subsidiary after listing, SoftBank Group said in a statement.

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Reuters