REG - Mitsubishi Corp. - Change in Statuses of MC Subsidiaries

MitsubishiAnnouncement

24/10/2024 08:00

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RNS Number : 4467J  Mitsubishi Corporation  24 October 2024

 

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 DC Dallas 1 LLC（"DDCD"）has changed to that of
"specified subsidiary" due to the establishment and investment of DDCD.
Diamond Realty Investments, Inc., a 100.00% subsidiary of MC, established DDCD
on February 15, 2024, and acquired a 100.00% share on March 1, 2024.

 

2. Overview of the Specified Subsidiary

DIAMOND DC DALLAS 1
LLC

 (1)  Company Name                               DIAMOND DC DALLAS 1 LLC
 (2)  Address                                    251 Little Falls Drive, Wilmington, New Castle County, Delaware 19808.
 (3)  Names and Titles of Representative         Tadatsugu Matsutani, President & CEO
 (4)  Summary of Business                        Data center development and operation in the United States of America
 (5)  Capital Stock                              US $201 million (30.2 billion yen)*
 (6)  Date of Establishment                      February 15, 2024
 (7)  Major Shareholders and Shareholding Ratio  Diamond Realty Investments, Inc. 100.00%
 (8)  MC's Relationships                         Capital Relationship                  100.00% owned by MC
      Human Relationship                                                               None
      Trading Relationship                                                             None

*The applied foreign exchange rate is 1USD=150.31JPY (TTM Rate as of March 1,
2024)

 

3. Date related to the Change

Date of decision: February 6, 2024

Date of execution: March 1, 2024

 

4. Outlook

MC is expecting little impact on its business performance due to this change.

-End-

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