Mitsubishi Corporation Transfer of Shares in Consolidated Subsidiary (6412I)
27 March 2015 - 6:00PM
UK Regulatory
TIDMMBC
RNS Number : 6412I
Mitsubishi Corporation
27 March 2015
(Translation of report filed with the Tokyo Stock Exchange on
March 27, 2015)
Supplementary Details Regarding Transfer of Shares in
Consolidated Subsidiary
Mitsubishi Corporation (MC) announced on February 20, 2015 that
its shares (70% of all outstanding stock) held in its consolidated
subsidiary Alpac Forest Products Inc. (AFPI) and its shares (100%
of all outstanding stock) held in Alpac Pulp Sales Inc. (APSI) will
be transferred to Hokuetsu Kishu Paper Co., Ltd. (Hokuetsu Kishu).
This notice serves to provide details regarding the value of the
shares being transferred and the date of execiution of share
transfer agreement.
1. Shares transferred in AFPI and APSI will be valued at CAD
51.8 million (approximately JPY 4.96 billion)*
* 1 CAD = 95.9 JPY
2. Schedule
(1) Date of Meeting February 20, 2015
for the Board
of Directors
---- ------------------- ------------------
(2) Date of Execution March 31, 2015
of Share Transfer
Agreement
---- ------------------- ------------------
(3) Date of Transfer Mid June, 2015
of Shares
---- ------------------- ------------------
3. Business Outlook
The current transaction is expected to have negligible impact on
MC's consolidated performance.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCUBRNRVUAOURR
Mitsub.Corp (LSE:MBC)
Historical Stock Chart
From May 2024 to Jun 2024
Mitsub.Corp (LSE:MBC)
Historical Stock Chart
From Jun 2023 to Jun 2024
Real-Time news about Mitsub.Corp (London Stock Exchange): 0 recent articles
More Mitsub.Corp News Articles