Notice concerning the Incorporation of "Kansai Mirai Financial Group, Inc."
November 14, 2017
Resona Holdings, Inc.
Kansai Mirai Financial Group, Inc.
The Minato Bank, Ltd.
Kansai Urban Banking Corporation
The Kinki Osaka Bank, Ltd.
Regarding the "Notice concerning a Business Integration between The Minato Bank, Ltd., Kansai Urban Banking Corporation and The Kinki Osaka Bank, Ltd." announced as of September 26, 2017 by Resona Holdings, Inc. ("Resona Holdings"), Sumitomo Mitsui Financial Group, Inc., The Minato Bank, Ltd. ("Minato"), Kansai Urban Banking Corporation ("Kansai Urban") and The Kinki Osaka Bank, Ltd. ("Kinki Osaka") (including the partial amendment announced as of October 13, 2017; the "Business Integration Press Release"), Resona Holdings hereby announces that it obtained the requisite approval under the Banking Act, such as applying for the authorization to incorporate a holding company that has a bank as a subsidiary company (Article 52-17, paragraph 1 of the Banking Act), on November 10, 2017; and it has completed the procedures for incorporation of Kansai Mirai Financial Group, Inc. ("Kansai Mirai Financial Group") today, as specified below.
Resona Holdings, Kansai Mirai Financial Group, Minato, Kansai Urban and Kinki Osaka will continue to proceed with preparations for completion of the business integration of Minato, Kansai Urban and Kinki Osaka under Kansai Mirai Financial Group, which is scheduled for April 1, 2018 (the "Business Integration").
1. Summary of Kansai Mirai Financial Group
|Corporate Name||Kansai Mirai Financial Group, Inc.|
|Location of Head Office||2-1, Bingomachi 2 chome, Chuo-ku, Osaka-shi|
|Representative||Tetsuya Kan, Representative Director and Executive President
(Director and Representative Executive Officer of Resona Holdings)
|Description of Business||The purposes of the company shall be to engage in the following business as a bank holding company:
|Number of Issued Shares||530,675 shares|
|Number of Total Issuable Shares||251,238,488 shares|
|Institutional Design||In addition to directors, a board of directors, and general shareholders' meetings, an audit and supervisory committee and an accounting auditor are established.|
|Capital Stock||250,000,993 yen|
|Capital Reserves||250,000,992 yen|
|Date of Incorporation||November 14, 2017|
|Major Shareholders and Shareholding Ratio||Resona Holdings, Inc. 100%|
Relationship with Resona Holdings
|Capital Relationship||A company fully contributed to by Resona Holdings.|
|Personnel Relationship||Three directors of Resona Holdings concurrently serve as the directors of Kansai Mirai Financial Group.|
2. The Board of Directors of Kansai Mirai Financial Group (as of November 14, 2017)
(other than directors who are audit and supervisory committee members)
|Representative Director Tetsuya Kan
Director Toshiki Hara
(the directors who are audit and supervisory committee members)
|Director Kaoru Isono
Director (outside director) Hirotaka Ezoe
Director (outside director) Shinsuke Murakami
3. Expected Material Changes of Status
Regarding expected material changes of status, please refer to "II.2." in the Business Integration Press Release. Although the summary of Kansai Mirai Financial Group after the Business Integration has been announced in "V.1." in the Business Integration Press Release, further details will be announced once they have been determined.Download PDF File