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Daiwa Securities to transfer shares in Hinode Securities to NAITO Securities

Daiwa Securities Group Inc. decided to transfer all 28,039,250 of its shares held in HINODE Securities Co. Ltd. to NAITO Securities Co. Ltd. through a share transfer agreement.

The group plans to transfer the shares by Feb. 28, 2017, according to a Dec. 22 release.

Daiwa Securities Group is a major shareholder of HINODE Securities.