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Mitsubishi Corp (8058.T)

8058.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

Petronas enters agreement to acquire 25 pct equity in LNG Canada project
Thursday, 31 May 2018 

May 31 (Reuters) - PETRONAS::PETRONAS ENTERS AGREEMENT TO ACQUIRE 25% EQUITY IN LNG CANADA PROJECT.PETRONAS- UNIT NORTH MONTNEY LNG LTD PARTNERSHIP ENTERED INTO PURCHASE AND SALES AGREEMENT FOR EQUITY POSITION IN LNG CANADA PROJECT IN KITIMAT, CANADA.PETRONAS- OWNERSHIP IN PROJECT TO BE PETRONAS 25%; SHELL CANADA ENERGY 40%; PETROCHINA CANADA 15%, DIAMOND LNG CANADA 15%, KOGAS CANADA LNG 5%).  Full Article

Eskom Says It Evacuated Contractors After Protest Action At Kusile Power Station
Friday, 18 May 2018 

May 18 (Reuters) - ESKOM::EARLIER ON FRIDAY MORNING, THERE WAS VIOLENT PROTEST BY EMPLOYEES OF SGB, A SUBCONTRACTOR OF MITSUBISHI HITACHI, AT THE KUSILE POWER STATION.PROTEST WAS AGAINST SGB MANAGEMENT, WITH THE WORKERS DEMANDING THAT THEIR PAY RELATED ISSUES BE ADDRESSED.IN THE INTEREST OF SAFETY, ALL CONTRACTORS WERE EVACUATED FROM THE SITE AND THE SITUATION IN NOW STABLE.  Full Article

Century Properties Group Signed JV Agreement With Mitsubishi Corporation
Wednesday, 16 May 2018 

May 16 (Reuters) - Century Properties Group Inc ::SIGNED JV AGREEMENT WITH MITSUBISHI CORPORATION TO ESTABLISH A CO FOR AFFORDABLE HOUSING.UNDER TERMS OF AGREEMENT, CO TO SUBSCRIBE TO 60 PERCENT & MITSUBISHI TO 40 PERCENT OF CAPITAL STOCK EQUIVALENT TO 5 BILLION PESOS.  Full Article

Mitsubishi Corp To Partner With Century Properties In 1 Bln Peso Joint Venture - Nikkei
Tuesday, 15 May 2018 

May 16 (Reuters) - NIKKEI : :MITSUBISHI CORP TO PARTNER WITH CENTURY PROPERTIES IN 1 BILLION PESO JOINT VENTURE OFFERING CONDOMINIUM UNITS & DETACHED HOMES IN PHILIPPINES - NIKKEI.MITSUBISHI CORP WILL HOLD A 40 PERCENT STAKE IN JOINT VENTURE WITH CENTURY PROPERTIES- NIKKEI.  Full Article

Summit Power International Says Unit Signs MOU with Mitsubishi Corp
Tuesday, 13 Mar 2018 

March 13 (Reuters) - Summit Power International::SUMMIT CORP, SUMMIT HOLDINGS, MITSUBISHI CORP AND DIAMOND GAS INTERNATIONAL SIGNED MEMORANDUM OF UNDERSTANDING‍​.MOU TO DEVELOP LNG-TO-POWER PROJECT AT MATARBARI, MOHESKHALI AREA IN BANGLADESH; EXPECTED TO COST UP TO US$3 BILLION ‍​.  Full Article

Ningbo Gaofa Automotive Control System sees 2017 net profit up 45 pct to 55 pct
Tuesday, 16 Jan 2018 

Jan 16(Reuters) - Ningbo Gaofa Automotive Control System Co Ltd <603788.SS>:Sees 2017 net profit to increase by 45 percent to 55 percent.Says 2016 net profit was 157.1 million yuan .  Full Article

RPT-Rio Tinto considers float of Canadian iron ore business-sources

LONDON, Aug 9 Rio Tinto , the world's second largest listed mining company, is exploring a public listing of its Iron Ore Company of Canada business, banking and industry sources said, as it focuses on boosting revenue from its flagship Australian assets.