Sumitomo Mitsui Financial Group (SMFG) will be acquiring 60,466 shares of its common stock from the Resolution and Collection Corporation (RCC), at the price of JPY 1,270,000.
The shares held by the RCC are the remaining balance of the public funds injected to SMFG, and the common stock were delivered to RCC after RCC had exercised its right to request acquisition with respect to a part of the preferred stock (total issue price, JPY 50 billion).
Public funds injected into SMFG will be repaid in their entirety if the sale of the common shares in market transactions is executed according to plan.