TOKYO (Reuters) – SoftBank Group Corp (9984.T) said on Monday that its Japanese telecommunications unit, SoftBank Corp, had made a preliminary application to list its shares on the Tokyo Stock Exchange.
The move was expected after the conglomerate said this year it was making preparations for a listing.
SoftBank Corp will remain a major consolidated subsidiary after listing, SoftBank Group said in a statement.
Source text: bit.ly/2u2L0HG
Reporting by Chris Gallagher; Editing by Himani Sarkar
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