Tokyo Stock Exchange Group Inc. said Monday it has approved the listing on April 1 of Dai-ichi Mutual Life Insurance Co., which will turn itself into a stock company.
It is still undecided whether the Tokyo-based insurance firm will be listed on the first section, the exchange said.
Dai-ichi Mutual decided to become a stock company at a meeting last June equivalent to a general shareholders’ meeting.
By turning into a stock company, the insurance firm will be able to secure funds from the market and invest in future growth by focusing on overseas operations, including actively engaging in buyouts.
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