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Softbank Invests $10 million in Founder Group
Japan-based Softbank Finance Corp. will invest 10 million US dollars in Founder Group's Japanese branch, Founder Japan, Chinadaily reported Monday.
Founder Group, China's leading information technology company, signed an agreement with Softbank Corp. here last Saturday.
The investment form Softbank underlines Founder's technical capability in the printing and publication sectors, said Wang Xuan,chairman of Founder Holding, the Hong Kong-listed parent company of Founder Japan.
Softbank Finance has now entered the huge Chinese market via this investment and alliance, said Yoshitaka Kitao, president and chief executive officer of Softbank Finance.
Founder Japan was established four years ago with an initial investment of 500,000 U.S. dollars, which has grown to 100 times its original size.
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