By Reuters Staff
1 Min Read
FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato
TOKYO (Reuters) - Japan’s Softbank 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.
Reporting by Tokyo Newsroom; Editing by Kim Coghill