11:45 Softbank plans to take a 20% stake in Morningstar Asia
(Infocast News) As reported by South China Morning Post, Softbank is planning to take a 20% stake in Morningstar Asia. PCCW (0086) and Pac Century Insurance (0056) announced a day before yesterday they are negotiating with Morningstar to set up joint-venture company, Morningstar Asia, providing services within region through printed matters, software or Internet products about personal, leisure-seeking, institutional, management and financial information and news including stocks, mutual funds and limited amount funds as well as data anlysis.
Monringstar Chairman Joe Monsueto has confirmed that Softbank intends to take stakes in Morningstar Asia. Softbank is now owning a 25% stake in Morningstar and 51% in Morningstar Japan. Morningstar Japan KK is one of the biggest financial portals with the hit rate at 3 million times each month, planning initial public offering (IPO) in June.
(Infocast News) As reported by South China Morning Post, Softbank is planning to take a 20% stake in Morningstar Asia. PCCW (0086) and Pac Century Insurance (0056) announced a day before yesterday they are negotiating with Morningstar to set up joint-venture company, Morningstar Asia, providing services within region through printed matters, software or Internet products about personal, leisure-seeking, institutional, management and financial information and news including stocks, mutual funds and limited amount funds as well as data anlysis.
Monringstar Chairman Joe Monsueto has confirmed that Softbank intends to take stakes in Morningstar Asia. Softbank is now owning a 25% stake in Morningstar and 51% in Morningstar Japan. Morningstar Japan KK is one of the biggest financial portals with the hit rate at 3 million times each month, planning initial public offering (IPO) in June.