BRIEF-T&D Holdings: To Sell T&D Financial Life Insurance To PayPay Corp And OneIM-Affiliated Entity For About 160 Billion Yen

PayPay Corporation Sponsored ADR

PAYP

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June 4 (Reuters) - T&D Holdings Inc 8795.T:

TD HOLDINGS INC - TO ENTER INTO SHARE PURCHASE AGREEMENTS WITH PAYPAY CORPORATION
TD HOLDINGS INC - TO ENTER INTO SHARE PURCHASE AGREEMENTS WITH PAYPAY CORPORATION AND WITH ONEIM INDIGO HOLDINGS TO TRANSFER SHARES OF TD FINANCIAL LIFE INSURANCE CO
TD HOLDINGS INC - TRANSFER PRICE IS APPROXIMATELY 160.0 BILLION YEN
TD HOLDINGS INC - TO ALLOCATE ABOUT 50% EACH OF AFTER-TAX PROCEEDS FROM SHARE TRANSFER TO STRATEGIC INVESTMENTS AIMED AT ACHIEVING GROUP LONG-TERM VISION AND SHAREHOLDER RETURNS THROUGH SHARE BUYBACKS

Further company coverage: 8795.T

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