Today, the memorandum as to consideration of business collaboration was executed between Daiwa Securities Group Inc, its subsidiary, Daiwa Securities Co. Ltd., GMO CLICK Holdings, Inc. and its consolidated subsidiary, GMO CLICK Securities, Inc.
Also, Daiwa Securities Group made a decision to acquire a part of shares in GMO CLICK Holdings from GMO Internet, Inc. The shares Daiwa Securities Group acquires totaled 11,100,000 shares corresponding to approximately 9.6% of the total number of shares outstanding as of September 30, 2015.
In response to the full-fledged start of an era of transition from savings to investment, Daiwa Securities is working on developing platform which provides optimal products and comfortable information access in order to become a best partner chosen by a wide range of customers including the young and the retired.
GMO CLICK Holdings and GMO CLICK Securities provide various online financial products such as stocks, FX, and CFD for retail customers mainly. GMO CLICK Securities has become the world’s largest forex broker in terms of trading volume for three consecutive years since 2012.
By combining together Daiwa Securities Group’s solid management foundation and know-how in securities business and GMO CLICK Holdings’ ability to develop systems and its sophisticated marketing power, the companies aim to establish a cooperative framework to provide advanced financial services. They aim to conclude the business collaboration agreement which defines contents in detail by the end of March, 2016.
In addition, both groups plan to discuss the possibility that Daiwa Securities Group acquires additional shares in GMO CLICK Holdings in the future up to about 20% of the total number of shares outstanding (including shares acquired today), based on the progress and outcome of business collaboration.
(Source: Daiwa Securities Group)