FILE PHOTO: The logo of SoftBank Group, Corp, is displayed at the SoftBank World in 2017 conference to be held in Tokyo, Japan, on July 20, 2017. REUTERS/Issei Kato
(Reuters) – SoftBank Group Corp (9984.(T), it is expected to provide an overview of the more stringent governance standards, and restrictions on dual-class share structures, on the Wednesday after the WeWork withdrew its initial public offering (IPO), the Financial Times reported on Monday, citing people briefed on the plan.
The Japanese consortium will be the implementation of the new standards, future investment, and the strengthening of the board of directors of companies in the back, the FT said. (on.ft.com/2C8I93w)
SoftBank is set to the write down of at least $5 billion due to a decline in the value of the U. s. office sharing start-up, and some of the other top holdings, according to a media report.
Reporting Amal in Bengaluru; Editing by shailesh Kuber