Daiwa SMBC Capital JV to end
Daiwa Securities Group Inc. has decided to terminate its JV venture firm Daiwa SMBC Capital Co., Ltd., which was launched in May 2005 on the merger of NIF Ventures Co., Ltd. and SMBC Capital Co., Ltd., both affiliates of Daiwa Group.
The firm's statement said that the current market environment for IPOs is still far from its peak and the recovery in the operating results for the business is still under way. Both firms therefore decided...
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