Japanese conglomerate SBI looks to venture capital expansion in rest of Asia through share issue

Japan-based conglomerate SBI is to raise Y49bn ($533m) in a public share issue to fund its venture capital efforts outside of the country after success in partnering with some of Asia’s biggest research and financial institutions.

Newswire Reuters said the share issuance would represent about a 20% dilution of SBI’s stock and quoted its statement: "We see the turmoil in the global financial economy as rather a good opportunity for investment and we have been stepping up investments via funds…