SBI Holdings, Inc. He has entered into a capital and business alliance agreement with Ridge-I inc.
SBI has agreed to acquire Ridge-i shares by registering the new shares to be issued through the distribution of third parties to be held by Ridge-i.
In addition, SBI agreed to acquire some of the shares held by Mr Takashi Yanagihara, the largest shareholder and representative of Ridge-I’s director and chief executive.
As a result of the completion of the distribution of third parties and the transfer of shares described above, Ridge-i is expected to become a subsidiary of SBI Holdings.
Ridge-i and its consolidated subsidiary of Star Music Entertainment Inc. They participate in the customized business and digital marketing business AI Solutions. The Ridge-i Group is a technology company that provides practical solutions to various social and clientele issues through advanced technologies such as AI and deep learning, offering services ranging from on-site consultation to evaluation, development, implementation and operation of customers.
SBI and the Ridge-I team have investigated a series of initiatives, including the application of AI technologies to the financial and non-financial data owned by SBI, starting with SBI Securities Co. (SNS) and digital marketing.
Based on these initiatives, SBI and Ridge-i have entered into an agreement of capital and business alliance with the aim of promoting AI SBI utilization and promoting the creation of new solutions and businesses. Through this alliance between the company and the Ridge-I, both the company team and the Ridge-I group will create a consolidated team that transcends a conventional Outsourcing relationship, combining AI’s resources and know-how.
SBI intends to acquire 390,000 shares of Ridge-i’s joint share capital (3,900 voting rights) through third parties.
In addition, according to the stock market agreement he entered today between SBI Securities and Mr. Takashi Yanagihara, the largest shareholder and representative director and chief executive of Ridge-I, SBI Securities intends to obtain 584,000 shares of Ridge-i of the Common Shareholder. through an over-counter transaction at 30, 202, to transfer such shares.
On the same date, SBI intends to obtain all these shares to be carried out by SBI Securities by SBI Securities through an over-the-counter transaction.
SBI and Ridge-I try to rejuvenate the regional areas by utilizing the SBI Group’s corporate network, with a particular emphasis on the import of AI and DX (digital transformation) of regional banks. The SBI group and Ridge-I also try to develop new solutions and create new businesses by applying AI to the financial and non-financial elements of SBI, with SBI titles serving as a central platform.
In addition, the SBI and Ridge-I group are trying to set up digital marketing and web3 companies along with the SBI Neo media.