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Mitsubishi Corp (8058.T)

8058.T on Tokyo Stock Exchange

3,048JPY
11 Dec 2018
Change (% chg)

¥14 (+0.46%)
Prev Close
¥3,034
Open
¥3,044
Day's High
¥3,053
Day's Low
¥3,015
Volume
5,078,800
Avg. Vol
4,489,829
52-wk High
¥3,638
52-wk Low
¥2,776

Latest Key Developments (Source: Significant Developments)

Unicafe to buy ART COFFEE for 1.55 bln yen
Monday, 12 Nov 2018 

Nov 12 (Reuters) - Unicafe Inc <2597.T>:Says it will buy 100 percent stake in ART COFFEE Co.,Ltd. from Mitsubishi Corp <<<8058.T>>> for 1.55 billion yen in total .Says it will issue 1.3 million shares to Mitsubishi Corp at the price of 1,138 yen per share, to raise 1.5 billion yen in total, to acquire stake in ART COFFEE .  Full Article

Mitsubishi Corp Says Targets 900 Billion Yen Net Profit In FY 2021/2022
Friday, 2 Nov 2018 

Nov 2 (Reuters) - Mitsubishi Corp <8058.T>::TARGETS 900 BILLION YEN NET PROFIT IN FY 2021/2022.  Full Article

Shell, Partners Approve $31 Billion LNG Canada Project - Bloomberg
Sunday, 30 Sep 2018 

Sept 30 (Reuters) - :SHELL, PARTNERS APPROVE HUGE $31 BILLION LNG CANADA PROJECT - BLOOMBERG.LNG CANADA IS SET TO ANNOUNCE A FINAL INVESTMENT DECISION ON THE PROJECT AS EARLY AS MONDAY- BLOOMBERG, CITING SOURCES.  Full Article

Mitsubishi Corp, Unit Sell Entire Stakes In Ekim Turizm - Nikkei
Wednesday, 29 Aug 2018 

Aug 30 (Reuters) - NIKKEI::MITSUBISHI CORP, UNIT MITSUBISHI UFJ LEASE & FINANCE SELL ENTIRE STAKES IN EKIM TURIZM TO ITS FOUNDER - NIKKEI.  Full Article

Cookpad unit to issue new shares to raise 4 bln yen
Thursday, 23 Aug 2018 

Aug 23 (Reuters) - Cookpad Inc <2193.T>:Says its unit CookpadTV Inc. will issue 105 shares to Mitsubishi Corp <<<8058.T>>>, at the price of 38.1 million yen per share, to raise 4 billion yen in total .Payment date on Aug. 27 .Says the co's stake in the unit will be decreased to 50.9 percent from 100 percent .  Full Article

R&I affirms Mitsubishi's rating at "AA-" and announces stable outlook -R&I
Wednesday, 22 Aug 2018 

Aug 22(Reuters) - Mitsubishi Corp <8058.T>:Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "AA-" -R&I.Rating outlook stable -R&I.  Full Article

Kewpie to transfer business to new unit
Tuesday, 7 Aug 2018 

Aug 7(Reuters) - Kewpie Corp <2809.T>:Says it plans to transfer a part of manufacture and sales business of bento, rice ball and side dish, which is operated by the company's unit Gourmet Delica Co Ltd, to a new unit, which will be established by the company, on Oct. 1.Effective Oct. 1.Says it will transfer 80 percent stake in the new unit to Mitsubishi Corporation <<<8058.T>>>, on Oct. 1 .  Full Article

Century Properties Confirms Approval By Philippine Competition Commission For JV Project
Thursday, 26 Jul 2018 

July 26 (Reuters) - Mitsubishi Corp <8058.T>::CONFIRMS APPROVAL BY PHILIPPINE COMPETITION COMMISSION FOR JV PROJECT OF CO AND MITSUBISHI CORP.PREPARING FOR REGISTRATION OF “PHIRST PARK HOMES” WITH SECURITIES AND EXCHANGE COMMISSION.CONFIRMS THAT JV AGREEMENT SUBJECT OF APPROVAL WILL TARGET PROJECTS IN THE CALABARZON AND CENTRAL LUZON REGIONS.  Full Article

Anglo American To Increase Mitsubishi's Interest In Quellaveco By 21.9 Pct For $600 Mln
Thursday, 14 Jun 2018 

June 14 (Reuters) - Anglo American Plc ::MITSUBISHI TO INCREASE INTEREST IN QUELLAVECO.SAYS ANGLO AMERICAN AGREES TO INCREASE MITSUBISHI'S INTEREST IN QUELLAVECO BY 21.9 PCT FOR $600 MLN.DEAL FOR TOTAL CONSIDERATION OF $600 MILLION.TOTAL CONSIDERATION IMPLIES A VALUATION FOR 100 PCT OF QUELLAVECO OF $2.74 BILLION.SAYS CONSIDERATION WILL BE SETTLED UPON CLOSING BY WAY OF A PRIMARY SHARE SUBSCRIPTION IN AAQSA BY MCQ COPPER LTD..MITSUBISHI HOLDS 18.1 PCT INTEREST IN AAQSA, FOLLOWING CLOSING OF PROPOSED DEAL, MITSUBISHI'S STAKE TO RISE TO 40%.  Full Article

Zuari Agro Chemicals Says Deadlock With Mitsubishi On Impairments In Some Financial Statements Of MCA Phosphates
Friday, 8 Jun 2018 

June 8 (Reuters) - Zuari Agro Chemicals Ltd ::DEADLOCK BETWEEN CO AND MITSUBISHI ABOUT CERTAIN IMPAIRMENTS RECORDED IN STATEMENTS OF MCA PHOSPHATES FOR 2015-16 AND 2016-17.ON FEB 15, MCAP ISSUED SHARE OFFER NOTICE BY VIRTUE OF WHICH CO WAS OFFERED TO SUBSCRIBE TO CERTAIN ORDINARY SHARES.SAYS CO INITIATED LEGAL PROCEEDINGS BEFORE HIGH COURT OF SINGAPORE ON 04 JUNE 2018.IN LIGHT OF OBJECTIONS RAISED BY CO IN REGARD TO IMPAIRMENT AND ADOPTION OF ACCOUNTS, IT DID NOT SUBSCRIBE TO RIGHTS ISSUE.SAYS DESPITE CO'S OBJECTIONS, NOMINEE DIRECTOR OF CO ON BOARD OF MCAP WAS REMOVED IN EGM OF MCAP HELD ON JUNE 4.SAYS ORDER PASSED BY HIGH COURT OF SINGAPORE MANDATES NO STEPS SHOULD BE TAKEN TO CHANGE SHAREHOLDING OF MCAP.ORDER PASSED MANDATING THAT NO STEPS TO BE TAKEN IN MATTER SPECIFIED AS SUPER-MAJORITY DECISION WITHOUT CO'S CONSENT.SAYS CO EVALUATING ITS OTHER LEGAL RIGHTS AND REMEDIES AGAINST MITSUBISHI AND MCAP.  Full Article

EU mergers and takeovers (Dec 10)

BRUSSELS, Dec 10 The following are mergers under review by the European Commission and a brief guide to the EU merger process: