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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.
Net Protections Implements Major Capital Alliance with JCB (Graphic: Business Wire)
Objectives for the Capital Alliance
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The Tokyo Regional Immigration Bureau in Minato Ward (Asahi Shimbun file photo)
Fifty-five male foreign detainees and six officials in Tokyo have tested positive for COVID-19, the Immigration Services Agency of Japan announced on Feb. 25.
The 61 infection cases were confirmed at the Tokyo Regional Immigration Bureau, where the government detains non-Japanese living in Japan without residency status.
The Minato Public Health Center in Tokyo’s Minato Ward said that it is aware of the cluster infection.
The immigration bureau there is busy responding to the situation, officials said, isolating the infected foreign detainees and moving them to dedicated areas.
As new measures to deal with the outbreak, it is limiting the time detainees can leave their rooms and is also prohibiting them from meeting visitors for the time being.
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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.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210226005023/en/
Net Protections Implements Major Capital Alliance with JCB (Graphic: Business Wire)