Daiwa Int Finance - Re Daiwa Bank Joint Venture
March 26 1998 - 4:03AM
UK Regulatory
RNS No 0664a
DAIWA INTERNATIONAL FINANCE (CAYMAN) LIMITED
DAIWA PB LIMITED
26th March 1998
The Daiwa Bank, Limited
FOUNDATION OF A NEW JOINT VENTURE COMPANY
The Daiwa Bank, Limited and IBM Japan, Limited today announced that they have
founded a new joint venture company named "D & I Information Systems Inc." as
follows.
Name D&I Information Systems Inc.
Date of
Foundation March 26,1998
Place of
Headquarters 2-13 Shinsenri-Nishimachi 1-Chome, Toyonaka-City, Osaka
565-0083, Japan
Representatives Representative Director, Ichiro Kaneishi (From Daiwa Bank)
Representative Director Vice President Kyoichiro Ozawa
(From IBM Japan)
Capital 100 Million Yen
Number of
Issued stocks 2000 Shares
Shareholders The Daiwa Bank, Limited 5%
The related companies etc.of The Daiwa Bank, Limited 60%
IBM Japan, Limited 35%
____
Total 100%
Number of
Employees About 300 employees (about 260 employees from Daiwa Bank and
about 40 employees from IBM Japan)
Business
Description (1) Application development and maintenance services, system
operations, and consultation of information systems
(2) The entire business related to the above
Opening date of
business April 1, 1998
On July 1 1998, Hiroshi Kondo (Auditor, The Daiwa Bank, Limited) will be
appointed as Representative Director, President of D&I Information Systems Inc.
END
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