Softbank CEO Masayoshi Son speaks to the press after meeting with U.S. President-elect Donald Trump at Trump Tower in Manhattan, New York City, U.S., December 6, 2016. REUTERS/Brendan McDermid

Shares of SoftBank Corp soared to their highest level in more than a year on Wednesday after Chief Executive Masayoshi Son said he would invest $50 billion in U.S. businesses.

Son made the announcement after meeting U.S. President-elect Donald Trump in New York.

SoftBank rose as much as 5.1 percent to 7,311 yen, the highest since August 2015.

SoftBank fact file