Orient Corporation 8585

Carro, a leading online car marketplace in the Asia Pacific (excluding China and India), has announced a round of strategic investment by Orient Corporation ("Orico"), a major Japanese consumer credit and financial services company. Through this investment, Orico will act as a strategic partner to Carro and will, as a first step, advance collaboration in the automotive financing and related businesses in Japan, Thailand and Indonesia – the markets in which both companies operate.

A significant shareholder proposal addressing consolidation risk related to Mizuho Financial Group's (TSE:8411) stake in Orient Corporation was withdrawn after a reduction in the shareholder's holding ratio. The withdrawal has led to a change in the agenda for Mizuho's upcoming annual general meeting, affecting planned discussion of amendments to the Articles of Incorporation. The move highlights ongoing governance and risk considerations around Mizuho's exposure to Orient Corporation and...