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

MitsubishiAnnouncement

06/02/2025 08:45

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RNS Number : 1719W  Mitsubishi Corporation  06 February 2025

Translation of report filed with the Tokyo Stock Exchange on February 6, 2025

 

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 Digital Infrastructure, Inc. ("DDI") and Diamond DC
Rover, LLC ("DDCR") will be changed to that of "specified subsidiary" due to
the establishment and investment of DDI and DDCR. Mitsubishi Corporation
(Americas), a 100.00% subsidiary of MC, established DDI and DDCR on 16
January, 2025 and MC decided to invest on 6 February, 2025.

2. Overview of the Specified Subsidiary

①     Diamond Digital Infrastructure, Inc.

 Company Name                               Diamond Digital Infrastructure, Inc.
 Address                                    850 New Burton Road, Suite 201, Dover, Delaware, 19904
 Names and Titles of Representative         Hirotake Abe, CEO
 Summary of Business                        Data center development and operation in the United States of America
 Capital Stock                              Up to US $500 million (77 billion yen(*))**
 Date of Establishment                      16 January, 2025
 Major Shareholders and Shareholding Ratio  Mitsubishi Corporation (Americas) 100.00%
 MC's Relationships                         Capital Relationship                 100% owned by Mitsubishi Corporation (Americas)
                                            Human Relationship                   None
                                            Trading Relationship                 None

 

②     Diamond DC Rover,
LLC

 Company Name                               Diamond DC Rover, LLC
 Address                                    850 New Burton Road, Suite 201, Dover, Delaware, 19904
 Names and Titles of Representative         Hirotake Abe, CEO
 Summary of Business                        Data center development and operation in the United States of America
 Capital Stock                              Up to US $500 million (77 billion yen)*
 Date of Establishment                      16 January, 2025
 Major Shareholders and Shareholding Ratio  Diamond Digital Infrastructure, Inc. 100.00%
 MC's Relationships                         Capital Relationship                 100% owned by Diamond Digital Infrastructure, Inc.
                                            Human Relationship                   None
                                            Trading Relationship                 None

*The applied foreign exchange rate is 1USD=154.07JPY (TTM Rate as of February
5, 2025)

**Planned to invest in multiple installments

 

3. Outlook

MC is expecting little impact on its business performance in fiscal year 2024
due to this change.

 

-End-

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