Softbank Corp says new CEO to buy 20 billion yen of company shares

Reuters

Published Mar 31, 2021 07:28PM ET

TOKYO (Reuters) - Japan's Softbank (OTC:SFTBY) Corp said its newly-appointed Chief Executive Junichi Miyakawa was buying 20 billion yen $180.55 million) worth of the company's shares.

SoftBank will provide financing to Miyakawa for the share purchases, it said in a statement.