Mitsubishi Corporation

Press Room

February 3, 2022
Mitsubishi Corporation

Notification of Change in Statuses of MC Subsidiaries (to that of Specified Subsidiary)

This is to inform you that the statuses of five MC subsidiaries have changed to that of “specified subsidiary.” The subsidiaries in question are MCOP Investment Pte. Ltd. (MCOP), MC Urban Development Vietnam Company Limited (MCUDV), MV2 Vietnam Real Estate Trading Joint Stock Company (MV2), MV Holding One Member Liability Limited Company (MVHOM), and SV Real Estate Investment Development Business Joint Stock Company (SVREID).
 
Reasons for Changes
The statuses of MCOP and MCUDV have changed due to new stock allocations based on the resolution at the MCOP General Meeting of Shareholders on October 15,2021 and the resolution at the MCUDV General Meeting of Employees on October 11,2021 to those companies’ existing shareholders.
Furthermore, on October 29, 2021 both MCUDV and MCOP completed partial payments for share acquisitions in MV2 based on the terms of their existing shareholder agreements signed on September 30,2021. Accordingly, and effective as of the same date, the statuses of MV2 and its subsidiaries MVHOM and SVREID have also changed to that of “specified subsidiary.”
 
Company Profiles
(1) MCUDV
(1)
Company Name
MC Urban Development Vietnam Company Limited
(2)
Address
Tang 12 Saigon Centre, 65 Le Loi, Phuong Ben Nghe, Quan 1, Thanh Pho Ho Chi Minh, Vietnam
(3)
Representative
Shinchiro Matsumoto（General Director）
(4)
Operations
Real Estate Business in Vietnam
(5)
Capital
4,852,350,941,284 VND
(6)
Date of Establishment
March 19, 2021
(7)
Main Shareholders and Investment Ratio
Mitsubishi Corporation 100.00%
(8)
Relationship with the Listed Company           
Capital
MCUDV is a wholly owned subsidiary of MC.
Personnel
MC currently has four employees on secondment at MCUDV.
Business
MC currently has no business relationship with MCUDV.
 
(2) MCOP
(1)
Company Name
MCOP Investment Pte. Ltd.
(2)
Address
1 Temasek Avenue #19-00 Millenia Tower Singapore 039192
(3)
Representative
Sotaro Harasawa（Director）
(4)
Operations
Real Estate Business in Vietnam
(5)
Capital
183,000,100 USD
(6)
Date of Establishment
September 23, 2021
(7)
Main Shareholders and Investment Ratio
Diamond Realty Investment Ocean Park Co., Ltd. (DRIOP) 100.00%
(8)
Relationship with the Listed Company           
Capital             
MCOP is a wholly owned subsidiary of DRIOP, of which MC is the sole owner.
Personnel
One MC employee currently serves as a director at MCOP.
Business
MC currently has no business relationship with MCOP.
 
(3) MV2
(1)
Company Name
MV2 Vietnam Real Estate Trading Joint Stock Company
(2)
Address
Tang 2 Trung Tam Thuong Mai Vincom Mega Mall Ocean Park Tai Lo Dat CCTP-10 Thuoc Du An Khu Do Thi Gia Lam, Thi Tran Trau Quy, Huyen Gia Lam, Thanh Pho Hanoi, Vietnam
(3)
Representative
Nguyen Hong Quan
(4)
Operations
Joint Stock Company for Real Estate Business in Vietnam
(5)
Capital
9,503,950,000,000 VND
(6)
Date of Establishment
October 13, 2021
(7)
Main Shareholders and Investment Ratio
MCOP Investment Pte. Ltd. 39.08%
MC Urban Development Vietnam Company 41.09%
(8)
Relationship with the Listed Company                                                                     
Capital
MV2 is 80.17% owned subsidiary of MC through MCUDV and MCOP.
Personnel
There are currently no MC employees seconded to MV2.
Business
MC currently has no business relationship with MV2.
 
  • Number and price of shares and status of shares held before and after the acquisition
(1) Number of shares held before the acquisition
0
(2) Number of shares acquired
761,916,000 shares
（number of voting rights：761,916,000）
（percentage of voting rights：80.17%）
acquisition price：38 billion yen
(3) Number of shares held after the acquisition
761,916,000 shares
（number of voting rights：761,916,000）
（percentage of voting rights：80.17%）
(4) MVHOM
(1)
Company Name
MV Holding One Member Liability Limited Company
(2)
Address
Tang 2 Trung Tam Thuong Mai Vincom Mega Mall Ocean Park Tai Lo Dat CCTP-10 Thuoc Du An Khu Do Thi Gia Lam, Thi Tran Trau Quy, Huyen Gia Lam, Thanh Pho Hanoi, Vietnam
(3)
Representative
Nguyen Hong Quan
(4)
Operations
Joint Stock Company for Real Estate Business in Vietnam
(5)
Capital
9,503,950,000,000 VND
(6)
Date of Establishment
October 11, 2021
(7)
Main Shareholders and Investment Ratio
MV2 Vietnam Real Estate Trading Joint Stock Company 100.00%
(8)
Relationship with the Listed Company                                                                         
Capital                   
MVHOM is a wholly owned subsidiary of MV2, which is 80.17% owned by MC through its subsidiaries MCUDV and MCOP.
Personnel
There are currently no MC employees seconded to MVHOM.
Business
MC currently has no business relationship with MVHOM.
 
(5) SVREID
(1)
Company Name
SV Real Estate Investment Development Business Joint Stock Company
(2)
Address
Tang 2 Khu Almaz Market Duong Hoa Lan Hhu Do Thi Sinh Thai Vinhomes Riverside, Phurong Phuc Loi, Quan Long Bien, Thanh Pho Hanoi, Vietnam
(3)
Representative
Nguyen Hong Quan
(4)
Operations
Joint Stock Company for Real Estate Business in Vietnam
(5)
Capital
9,523,950,000,000 VND
(6)
Date of Establishment
October 31, 2019
(7)
Recent Performance
 (VND)
FY 31 December, 2021
Equity：9,250,076,328,865
Total Asset：12,857,714,939,236
Sales：0
Profit：△37,744,229,240
(8)
Main Shareholders and Investment Ratio
MV Holding One Member Liability Limited Company 99.79%
(9)
Relationship with the Listed Company                                                                                  
Capital                       
SVREID is a 99.79% owned subsidiary of MVH which is a wholly owned subsidiary of MV2, of which MC is 80.17% owner through its subsidiaries MCUDV and MCOP.
Personnel
There are currently no MC employees seconded to SVREID.
Business
MC currently has no business relationship with SVREID.
 
Outlook
These status changes are not expected to have any impact on MC’s business performance.

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Mitsubishi Corporation
Telephone:+81-3-3210-2171 / Facsimile:+81-3-5252-7705
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