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Showa Leasing becomes fully owned subsidiary of Shinsei Bank

Shinsei Bank Ltd. has gained full ownership of consolidated subsidiary Showa Leasing Co. Ltd. through a simplified share exchange.

The bank said Dec. 1 it completed a share exchange plan with Showa Leasing, as 2.17 common shares of the bank were allocated to 1 Showa Leasing common share.

The bank announced the plan in September.