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Masayoshi Son cuts SoftBank shares pledged to lenders by $810 million

Son trimmed his committed shares by about 14 million to 213 million, according to regulatory filings.

Masayoshi Son cuts SoftBank shares pledged to lenders by $810 million
AP | PTI
1 min read Last Updated : Sep 26 2020 | 2:22 AM IST
Masayoshi Son has reduced the number of SoftBank Group shares he’s pledged as collateral to lenders by about $810 million, cutting back after heavy borrowing had raised questions about the stability of his technology empire.
 
Son trimmed his committed shares by about 14 million to 213 million, according to regulatory filings.
 
He holds about 562 million shares directly and indirectly, which are worth $33 billion before taking into account collateral.


Topics :SoftBankMasayoshi Son