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Mitsubishi Chemical Holdings Corp (4188.T)

4188.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Ube Industries, JSR and Mitsubishi Chemical announce start of new company for integration of ABS resin business
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - JSR Corp <4185.T>:Says it will start to set up a Tokyo-based company on April 1, for integration of ABS resin business, with UMG ABS, Ltd., which is equally owned by Ube Industries Ltd <<<4208.T>>> (50 percent) and Mitsubishi Chemical Corp (50 percent).Says the new company will be capitalized at 3 billion yen .Says it will hold 51 percent stake in the new company after transaction .  Full Article

Mitsubishi Tanabe Pharma updates license agreement with Kolon Life Secience on Invossa
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - Mitsubishi Tanabe Pharma Corp <4508.T>:Says it notified Kolon Life Secience, Inc. (KLS) that the co seeks to cancel the license agreement between the co and KLS for Invossa, a cell therapy product for improvement of knee osteoarthritis symptoms .Says it has started negotiation with KLS regarding the cancellation of the License Agreement .  Full Article

Mitsubishi Chemical Unit Plans To Restart U.K. Plant - Nikkei‍​
Monday, 27 Nov 2017 

Nov 28 (Reuters) - Nikkei::MITSUBISHI CHEMICAL HOLDINGS UNIT PLANS TO RESTART U.K. PLANT, DOUBLE CAPACITY IN U.S. AND SHUTTER A CHINESE FACTORY- NIKKEI‍​.  Full Article

Mitsubishi Tanabe Pharma completes purchase of NeuroDerm
Wednesday, 18 Oct 2017 

Oct 18(Reuters) - Mitsubishi Tanabe Pharma Corp <4508.T>:Says it completed purchase of NeuroDerm Ltd <<>>.Purchase plan was announced on July 24.  Full Article

Mitsubishi Chemical and Ube Industries will merge chinese electrolyte operations next April - Nikkei
Thursday, 13 Oct 2016 

Nikkei: Mitsubishi Chemical and Ube Industries will merge chinese electrolyte operations next April - Nikkei .Mitsubishi Chemical and Ube Industries will consider similar mergers in the U.S. And Europe later - Nikkei.  Full Article

Mitsubishi Chemical Holdings units to raise stake in Nippon Synthetic Chemical Industry Co Ltd to 94.4 pct
Wednesday, 21 Sep 2016 

Mitsubishi Chemical Holdings Corp <4188.T>: Says the co's units Mitsubishi Chemical Corporation and Mitsubishi Chemical Europe GmbH acquired 41.7 million shares of Nippon Synthetic Chemical Industry Co., Ltd.<4201.T> via ToB . Says payment date on Sep. 28 . Says two units will jointly hold 94.4 percent voting rights in Nippon Synthetic Chemical Industry Co., Ltd. after the transaction .Says ToB plan disclosed on Aug. 5.  Full Article

Mitsubishi Chemical likely to book about 7 bln yen in pharmaceutical royalties this fiscal year - Nikkei
Thursday, 1 Sep 2016 

Nikkei: Mitsubishi Chemical Holdings is expected to book about 7 billion yen ($67.3 million) in pharmaceutical royalties this fiscal year - Nikkei .Pharmaceutical royalities to lift group oper profit for Mitsubishi Chemical, which co forecasts to rise 6% to 211 bln yen in year ending March 2017 - Nikkei.  Full Article

Malfunctions at two ethylene factories to likely reduce Mitsubishi Chemical's operating profit for FY ending March 2017 - Nikkei
Friday, 26 Aug 2016 

Mitsubishi Chemical Holdings Corp:Malfunctions at two ethylene factories to likely reduce Mitsubishi Chemical Holdings' oper profit by 4.5 bln yen for FY ending March 2017 - Nikkei.  Full Article

Mitsubishi Chemical Holdings units to fully buy unit Nippon Synthetic Chemical Industry Co Ltd via tender offer
Friday, 5 Aug 2016 

Mitsubishi Chemical Holdings Corp <4188.T>: Says the co's units Mitsubishi Chemical Corporation and Mitsubishi Chemical Europe GmbH plan to acquire 47.2 million shares of Nippon Synthetic Chemical Industry Co., Ltd. <4201.T> through joint tender offer pursuant to the Financial Instruments and Exchange Act . Says offering purchase price at 910 yen per share . Says tender offer total amount at 42.99 billion yen . Says offering period from Aug. 8 to Sep. 20 . Says settlement starts on Sep. 28 .Says two units are aiming to jointly increase stake in Nippon Synthetic Chemical Industry Co., Ltd. to 100 percent from 51.5 percent.  Full Article

Mitsubishi Chemical Holdings says notice regarding reorganization of purified terephtharic acid business in India and China
Wednesday, 27 Jul 2016 

Mitsubishi Chemical Holdings Corp <4188.T>: Says it resolved to transfer the equity interests that its consolidated subsidiary Mitsubishi Chemical Corporation (MCC) holds in MCC subsidiaries MCC PTA India Corp. Private Limited (MCPI) and Ningbo Mitsubishi Chemical Co., Ltd. (NMC), which engage in the purified terephtalic acid (PTA) business; and MCC Advanced Polymers Ningbo Co., Ltd. (MAP), which engages in the poly tetramethylene ether glycol (PTMG) business . Says MCC will convert its loans to MCPI into MCPI common shares, and increase MCPI capital share with MCC as underwriter by the share transfer date (scheduled for the end of October). This will increase the percentage of the MCPI common shares held by MCC to a maximum of 99.4 percent. After completion of the above capital increase, MCC will transfer all the shares except for a shareholding ratio of 9 percent to Chatterjee Management Company on the share transfer date.  Full Article