Fintech
Rakuten Delays FinTech Reorganization to 2025
Rakuten Bank, Ltd. (Japan:5838) has released an update.
Rakuten Group, Inc. and its subsidiary Rakuten Bank, Ltd. have decided to postpone the reorganization of their FinTech Business to January 2025 for a more comprehensive review, considering various factors such as regulations, shareholder interests, and optimal group structure. Despite the delay, the objectives and structure of the reorganization remain unchanged, including the listing status of Rakuten Bank after the reorganization.
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