National Storage Mechanism | Additional information
RNS Number : 6103A
Mitsubishi Corporation
03 February 2022
 

Translation of report filed with the Tokyo Stock Exchange on February 3, 2022

 

February 3, 2022

To Whom It May Concern

Company name

Mitsubishi Corporation

Representative

Takehiko Kakiuchi, President and Chief Executive Officer

Code Number

8058

Contact

Takuma Okamoto, Press Relations Team Leader, Corporate Communications

TEL +81-3-3210-2171

 

Notification of Change in Statuses of MC Subsidiaries (to that of Specified Subsidiary)

 

This is to inform you that the statuses of five MC subsidiaries have changed to that of "specified subsidiary." The subsidiaries in question are MCOP Investment Pte. Ltd. (MCOP), MC Urban Development Vietnam Company Limited (MCUDV), MV2 Vietnam Real Estate Trading Joint Stock Company (MV2), MV Holding One Member Liability Limited Company (MVHOM), and SV Real Estate Investment Development Business Joint Stock Company (SVREID).

 

Reasons for Changes

The statuses of MCOP and MCUDV have changed due to new stock allocations based on the resolution at the MCOP General Meeting of Shareholders on October 15,2021 and the resolution at the MCUDV General Meeting of Employees on October 11,2021 to those companies' existing shareholders.

Furthermore, on October 29, 2021 both MCUDV and MCOP completed partial payments for share acquisitions in MV2 based on the terms of their existing shareholder agreements signed on September 30,2021. Accordingly, and effective as of the same date, the statuses of MV2 and its subsidiaries MVHOM and SVREID have also changed to that of "specified subsidiary."

 

Company Profiles

(1) MCUDV

(1)

Company Name

MC Urban Development Vietnam Company Limited

(2)

Address

Tang 12 Saigon Centre, 65 Le Loi, Phuong Ben Nghe, Quan 1, Thanh Pho Ho Chi Minh, Vietnam

(3)

Representative

Shinchiro MatsumotoGeneral Director

(4)

Operations

Real Estate Business in Vietnam

(5)

Capital

4,852,350,941,284 VND

(6)

Date of Establishment

March 19, 2021

(7)

Main Shareholders and Investment Ratio

Mitsubishi Corporation 100.00%

(8)

Relationship with the Listed Company

Capital

MCUDV is a wholly owned subsidiary of MC.

Personnel

MC currently has four employees on secondment at MCUDV.

Business

MC currently has no business relationship with MCUDV.

 

(2) MCOP

(1)

Company Name

MCOP Investment Pte. Ltd.

(2)

Address

1 Temasek Avenue #19-00 Millenia Tower Singapore 039192

(3)

Representative

Sotaro HarasawaDirector

(4)

Operations

Real Estate Business in Vietnam

(5)

Capital

183,000,100 USD

(6)

Date of Establishment

September 23, 2021

(7)

Main Shareholders and Investment Ratio

Diamond Realty Investment Ocean Park Co., Ltd. (DRIOP) 100.00%

(8)

Relationship with the Listed Company

Capital

MCOP is a wholly owned subsidiary of DRIOP, of which MC is the sole owner.

Personnel

One MC employee currently serves as a director at MCOP.

Business

MC currently has no business relationship with MCOP.

 

(3) MV2

(1)

Company Name

MV2 Vietnam Real Estate Trading Joint Stock Company

(2)

Address

Tang 2 Trung Tam Thuong Mai Vincom Mega Mall Ocean Park Tai Lo Dat CCTP-10 Thuoc Du An Khu Do Thi Gia Lam, Thi Tran Trau Quy, Huyen Gia Lam, Thanh Pho Hanoi, Vietnam

(3)

Representative

Nguyen Hong Quan

(4)

Operations

Joint Stock Company for Real Estate Business in Vietnam

(5)

Capital

9,503,950,000,000 VND

(6)

Date of Establishment

October 13, 2021

(7)

Main Shareholders and Investment Ratio

MCOP Investment Pte. Ltd. 39.08%

MC Urban Development Vietnam Company 41.09%

(8)

Relationship with the Listed Company

Capital

MV2 is 80.17% owned subsidiary of MC through MCUDV and MCOP.

Personnel

There are currently no MC employees seconded to MV2.

Business

MC currently has no business relationship with MV2.

 

l Number and price of shares and status of shares held before and after the acquisition

(1) Number of shares held before the acquisition

0

(2) Number of shares acquired

761,916,000 shares

number of voting rights761,916,000

percentage of voting rights80.17%

acquisition price38 billion yen

(3) Number of shares held after the acquisition

761,916,000 shares

number of voting rights761,916,000

percentage of voting rights80.17%

(4) MVHOM

(1)

Company Name

MV Holding One Member Liability Limited Company

(2)

Address

Tang 2 Trung Tam Thuong Mai Vincom Mega Mall Ocean Park Tai Lo Dat CCTP-10 Thuoc Du An Khu Do Thi Gia Lam, Thi Tran Trau Quy, Huyen Gia Lam, Thanh Pho Hanoi, Vietnam

(3)

Representative

Nguyen Hong Quan

(4)

Operations

Joint Stock Company for Real Estate Business in Vietnam

(5)

Capital

9,503,950,000,000 VND

(6)

Date of Establishment

October 11, 2021

(7)

Main Shareholders and Investment Ratio

MV2 Vietnam Real Estate Trading Joint Stock Company 100.00%

(8)

Relationship with the Listed Company

Capital

MVHOM is a wholly owned subsidiary of MV2, which is 80.17% owned by MC through its subsidiaries MCUDV and MCOP.

Personnel

There are currently no MC employees seconded to MVHOM.

Business

MC currently has no business relationship with MVHOM.

 

(5) SVREID

(1)

Company Name

SV Real Estate Investment Development Business Joint Stock Company

(2)

Address

Tang 2 Khu Almaz Market Duong Hoa Lan Hhu Do Thi Sinh Thai Vinhomes Riverside, Phurong Phuc Loi, Quan Long Bien, Thanh Pho Hanoi, Vietnam

(3)

Representative

Nguyen Hong Quan

(4)

Operations

Joint Stock Company for Real Estate Business in Vietnam

(5)

Capital

9,523,950,000,000 VND

(6)

Date of Establishment

October 31, 2019

(7)

Recent Performance

 (VND)

FY 31 December, 2021

Equity9,250,076,328,865

Total Asset12,857,714,939,236

Sales0

Profit:△37,744,229,240

(8)

Main Shareholders and Investment Ratio

MV Holding One Member Liability Limited Company 99.79%

(9)

Relationship with the Listed Company

Capital

SVREID is a 99.79% owned subsidiary of MVH which is a wholly owned subsidiary of MV2, of which MC is 80.17% owner through its subsidiaries MCUDV and MCOP.

Personnel

There are currently no MC employees seconded to SVREID.

Business

MC currently has no business relationship with SVREID.

 

Outlook

These status changes are not expected to have any impact on MC's business performance.

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