< The shares of Softbank Group reached the highest level in 20 years, as the stock repurchases compensated for the losses incurred by the company after the Corona pandemic.

According to Arabia Net, the company's shares rose to their highest levels since March 2000, more than twice the low level reached in mid-March after the spread of the virus.

The SoftBank Group estimated that it would incur record losses of about $ 13 billion for the full fiscal year under pressure from a loss in its $ 100 billion vision fund, which renewed Focus on a plan to sell assets to raise cash and restore confidence.

The performance of the fund, which Masayoshi Sun CEO has commented on a lot, will cause the group's largest annual loss, highlighting the need for his plan to raise up to 4.5 trillion yen through Sale of assets.

It is reported that the company’s founder had unveiled plans to sell 4.5 trillion yen of assets to reduce debt and finance share buybacks.