ENGLISH
|
JAPANESE
|
CONNECT WITH US:
Home
About
Contact
Log in
Home
Press release
Mar 19, 2021 17:07 JST
Source:
Mitsubishi Corporation
Signing of Agreement to Transfer Shares of MUL and HCC to MC
TOKYO, Mar 19, 2021 - (JCN Newswire) - Mitsubishi Corporation (MC) is pleased to announce its signing today of a share-transfer agreement with Mitsubishi UFJ Financial Group, Inc. (MUFJ) and MUFG Bank, Ltd. (MUFG Bank). Under the terms of the agreement, MUFG and MUFG Bank will transfer to MC some of their shares in both Mitsubishi UFJ Lease & Finance Company Limited (MUL) and Hitachi Capital Corporation (HCC). See details below.
2. Additional Information
On September 24, 2020, MUL and HCC released a joint statement announcing their intentions to integrate operations through an absorption-type merger, which is set to go into effect on April 1, 2021. MUL and HCC will be the surviving and merged companies respectively, with the former renamed Mitsubishi HC Capital Inc.
MC, which following the merger will own approximately 18% of the new company, has plans to make it an equity-method affiliate once its integration is completed. As one of its main shareholders, MC will continue to collaborate on its future growth and development.
3. Impact on Financial Results
The impact of this share transfer on MC's financial results for the current fiscal year is expected to be minimal.
Source: Mitsubishi Corporation
Sectors: Engineering
Copyright ©2021 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
Latest Release
DENSO Announces First Quarter Financial Results
Jul 30, 2021 17:12 JST
Showa Denko Group Challenges to Realize Carbon Neutrality by 2050
Jul 30, 2021 17:00 JST
Agreement Concluded for Mitsubishi Power to be Integrated into MHI
Jul 30, 2021 16:40 JST
DENSO Provides First Quarter Results and Progress Updates in Key Focus
Jul 30, 2021 15:48 JST
Port of Rotterdam Authority, Koole Terminals, Chiyoda Corporation and Mitsubishi Corporation Sign MoU to Study Commercial-Scale Hydrogen Imports to the Netherlands
Jul 30, 2021 12:30 JST
Mitsubishi Motors to Launch the All-New Outlander PHEV Model with a New-Generation PHEV System This Fiscal Year
Jul 30, 2021 10:46 JST
Eisai and Biogen Present Preliminary Assessment of the Clinical Effects of Lecanemab (BAN2401)
Jul 30, 2021 10:07 JST
Biogen and Eisai Announce Design of ADUHELM ICARE AD-US Study, the First Real-World Observational Phase 4 Study in Alzheimer's Disease at AAIC 2021
Jul 30, 2021 09:24 JST
"Tanegashima Loggerhead Sea Turtle Survey 2021" Takes Place amid Covid Restrictions
Jul 29, 2021 17:50 JST
Eisai Listed for 20th Consecutive Year in FTSE4Good Index Series, An Index for Socially Responsible Investment
Jul 29, 2021 17:34 JST
Mazda Production and Sales Results for June 2021 and for January through June 2021
Jul 29, 2021 17:16 JST
Honda Sets All-Time Accumulated Production Records for the First Half of Year in China
Jul 29, 2021 15:40 JST
Toyota Releases Sales, Production, and Export Results for the First Half of 2021
Jul 29, 2021 14:05 JST
Showa Denko Installs Additional Lines to Produce Aluminum Heat Radiators for xEVs
Jul 29, 2021 11:30 JST
Mitsubishi Corporation: Regeneration Project / Investment in Australian Integrated Carbon Pty Ltd
Jul 29, 2021 11:12 JST
Biogen and Eisai Announce ADUHELM (aducanumab-avwa) Data Presentations at Alzheimer's Association International Conference 2021
Jul 27, 2021 09:00 JST
Mitsubishi Shipbuilding Holds Launch Ceremony in Shimonoseki for First MRRV for the Philippines Department of Transportation
Jul 26, 2021 15:56 JST
Eisai: FDA Approves LENVIMA (lenvatinib) Plus KEYTRUDA (pembrolizumab) Combination for Patients With Certain Types of Advanced Endometrial Carcinoma
Jul 23, 2021 09:17 JST
Suzuki and Daihatsu Join Commercial Japan Partnership for Dissemination of CASE Technologies in Mini-commercial Vehicles
Jul 21, 2021 17:09 JST
Eisai to Present Latest Data on Pipeline Assets in The Area of Alzheimer's Disease and Dementia at AAIC 2021
Jul 21, 2021 10:34 JST
More Latest Release >>
Related Release
Port of Rotterdam Authority, Koole Terminals, Chiyoda Corporation and Mitsubishi Corporation Sign MoU to Study Commercial-Scale Hydrogen Imports to the Netherlands
July 30 2021 11:30 JST
Mitsubishi Corporation: Regeneration Project / Investment in Australian Integrated Carbon Pty Ltd
July 29 2021 10:12 JST
New Ulaanbaatar International Airport Set to Open in Mongolia
July 02 2021 16:08 JST
Mitsubishi Corporation: Mobility & Regional Contents Pilot Project Launched in Smart City Aizuwakamatsu
July 02 2021 15:25 JST
Woven Alpha Automated Mapping Platform and Mitsubishi Fuso Collaborate on Latest HD Mapping Technology for Advanced Driver Assistance Systems Functionality
June 23 2021 12:38 JST
Mitsubishi Corporation Participates in Laos Wind Farm Project
June 16 2021 17:00 JST
MC and Jetti Agree to Form Strategic Business Alliance
June 08 2021 07:10 JST
Mitsubishi Corporation: Launch of New Startup Accelerator Program to Promote Decarbonization
June 01 2021 17:03 JST
Chiyoda, Cognite, and Mitsubishi to Launch Digital Platform Solutions for Industrial Facilities and Plants
May 28 2021 10:39 JST
Collaboration with South Pole to Generate and Sell Carbon Credits from Carbon Removal Technologies
May 12 2021 11:02 JST
More Press release >>