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Net Protections Holdings, Inc., headquartered in Tokyo s Chiyoda Ward, Shin Shibata, CEO, decided to execute a capital increase through third party allocation, receiving approximately six billion yen from JCB Co., Ltd, headquartered in Tokyo s Minato Ward, Ichiro Hamakawa, Chairman and CEO. This round of capital acquisition increases JCB s investment stake in Net Protections Holdings to 10.24%. At the same time, the two companies will begin a business alliance in the buy now, pay later (BNPL) market both within Japan and abroad.
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Net Protections Implements Major Capital Alliance with JCB (Graphic: Business Wire)
Net Protections Implements Major Capital Alliance with JCB, Acquiring Roughly Six Billion Yen, Strengthening the Business Alliance apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.