Softbank Investment Corp. and Hong Kong investment company SW Kingsway Capital Holdings Ltd. will set up joint ventures in Japan and Hong Kong in mid-May to help Japanese and Chinese firms advance into Japanese and Hong Kong markets, Softbank Investment said Friday.
The two partners will set up a company, tentatively called SBI Kingsway Japan K.K., in Japan, with Softbank Investment putting up 51 percent and Kingsway the remainder of the 100 million yen in startup capital.
In Hong Kong, the two companies will launch an investment company, tentatively called Kingsway SBF Fund Management Co.
The joint ventures will try to help Japanese and Chinese companies engage in cross-border businesses and list their shares in stock exchanges, and will provide funds to the companies, Softbank Investment said.