Mitsubishi Corporation Change in Statuses of MC Subsidiaries

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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