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Shinsei Bank to acquire rent guarantee business

Japan's Shinsei Bank Ltd. agreed to acquire Zenkoku Rent Guarantor Service Co. Ltd. from Apaman Co. Ltd. for an undisclosed sum.

The agreement will further expand the rent guarantee business of APLUS Co. Ltd. At the same time, Shinsei Bank is considering promoting various businesses of Apaman Group through investment in Apaman's startup fund and an alliance with the company.

Zenkoku Rent Guarantor Service is mainly responsible for rent guarantees for real estate properties managed by Apaman Group.