SoftBank Group Corp is expected to outline tougher governance standards and restrictions on dual-class share structures on Wednesday after WeWork pulled its IPO, the Financial Times reported on Monday, citing people briefed on the plan.

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The Japanese conglomerate will apply the new standards to future investments and is tightening governance at companies it backs, the FT said. (https://on.ft.com/2C8I93w)

SoftBank was set to write down at least $5 billion (£3.88 billion) due to a slump in the value of the U.S. office sharing startup and some other top holdings, according to a media report.