Mitsubishi Corporation Change in statuses of MC Subsidiaries
06 February 2025 - 7:33PM
RNS Regulatory News
RNS Number : 1719W
Mitsubishi Corporation
06 February 2025
Translation of report
filed with the Tokyo Stock Exchange on February 6, 2025
Notification of Change in Statuses of MC
Subsidiaries (to that of Specified Subsidiary)
Mitsubishi Corporation (MC) hereby announces the
following change regarding its subsidiary.
1. Reasons for Change
The statuses of Diamond Digital Infrastructure, Inc.
("DDI") and Diamond DC Rover, LLC ("DDCR") will be changed to that
of "specified subsidiary" due to the establishment and investment
of DDI and DDCR. Mitsubishi Corporation (Americas), a 100.00%
subsidiary of MC, established DDI and DDCR on 16 January, 2025 and
MC decided to invest on 6 February, 2025.
2. Overview of the Specified Subsidiary
① Diamond Digital
Infrastructure, Inc.
|
Company Name
|
Diamond Digital Infrastructure,
Inc.
|
|
Address
|
850 New Burton Road, Suite 201,
Dover, Delaware, 19904
|
|
Names and Titles of
Representative
|
Hirotake Abe, CEO
|
|
Summary of Business
|
Data center development and
operation in the United States of America
|
|
Capital Stock
|
Up to US $500 million (77 billion
yen(*))**
|
|
Date of Establishment
|
16 January,
2025
|
|
Major Shareholders and Shareholding
Ratio
|
Mitsubishi Corporation (Americas)
100.00%
|
|
MC's Relationships
|
Capital
Relationship
|
100% owned by Mitsubishi Corporation
(Americas)
|
|
Human
Relationship
|
None
|
|
Trading
Relationship
|
None
|
② Diamond DC Rover,
LLC
|
Company Name
|
Diamond DC Rover, LLC
|
|
Address
|
850 New Burton Road, Suite 201,
Dover, Delaware, 19904
|
|
Names and Titles of
Representative
|
Hirotake Abe, CEO
|
|
Summary of Business
|
Data center development and
operation in the United States of America
|
|
Capital Stock
|
Up to US $500 million (77 billion
yen)*
|
|
Date of Establishment
|
16 January,
2025
|
|
Major Shareholders and Shareholding
Ratio
|
Diamond Digital Infrastructure, Inc.
100.00%
|
|
MC's Relationships
|
Capital
Relationship
|
100% owned by Diamond Digital
Infrastructure, Inc.
|
|
Human
Relationship
|
None
|
|
Trading
Relationship
|
None
|
*The applied foreign exchange rate
is 1USD=154.07JPY (TTM Rate as of February 5, 2025)
**Planned to invest in multiple
installments
3. Outlook
MC is expecting little
impact on its business performance in fiscal year 2024 due to this
change.
-End-
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