Softbank Corp says new CEO to buy 20 billion yen of company shares

FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo

TOKYO (Reuters) - Japan's Softbank Corp said its newly-appointed Chief Executive Junichi Miyakawa was buying 20 billion yen $180.55 million) worth of the company's shares.

SoftBank will provide financing to Miyakawa for the share purchases, it said in a statement.

(Reporting by Tokyo Newsroom; Editing by Kim Coghill)