Mitsubishi Corporation Change in Status of MC Subsidiary (7126N)
01 Outubro 2021 - 4:42AM
UK Regulatory
TIDM17NX
RNS Number : 7126N
Mitsubishi Corporation
01 October 2021
Translation of report filed with the Tokyo Stock Exchange on
October 1, 2021
October 1, 2021
To Whom It May Concern
Company name Mitsubishi Corporation
Representative Takehiko Kakiuchi,President
and Chief Executive
Officer
Code Number 8058
Contact Takuma Okamoto, Press
Relations Team Leader,
Corporate Communications
TEL +81-3-3210-2171
Notification of Change in Status of MC Subsidiary (to that of
Specified Subsidiary)
This is to inform you that the status of Mitsubishi Corporation
(MC) subsidiary Diamond Distributed Energy Investments, LLC (DDEI)
has been changed to that of a specified subsidiary. Details are
outlined below.
Reason for Change
Due to recent business reorganizations, MC's interest in DDEI
increased to a larger-than-10% share on August 3, 2021, thus
satisfying the condition for DDEI to be re-designated as a
"specified subsidiary" of MC.
DDEI Profile
(1) Company Name Diamond Distributed Energy Investments,
LLC
(2) Address 850 New Burton Road, Suite 201, Dover,
DE 19904, U.S.A.
---- ---------------------- ---------------------------------------------------
(3) Representative Masanori Kohama
CEO of Diamond Generating Corporation (DGC),
Sole Member of DDEI and MC subsidiary based
in the US.
---- ---------------------- ---------------------------------------------------
(4) Operations Management of entities engaged in distributed
solar power generation.
---- ---------------------- ---------------------------------------------------
(5) Capital 365,021,655 USD (as of August 3, 2021)
---- ---------------------- ---------------------------------------------------
(6) Date of Establishment June 29, 2021
---- ---------------------- ---------------------------------------------------
(7) Main Shareholders Diamond Distributed Energy Management,
and Investment LLC (DDEM) 100%
Ratio
---- ---------------------- ---------------------------------------------------
(8) Relationship Capital DDEI is a wholly owned subsidiary
with the Listed of DDEM, of which MC is the sole
Company owner through its US-based subsidiary
DGC.
---- ---------------------- ---------- ---------------------------------------
Personnel There are currently no MC employees
seconded to DDEI.
---- ---------------------- ---------- ---------------------------------------
Business MC currently has no business
relationship with DDEI.
---- ---------------------- ---------- ---------------------------------------
Outlook
This change in status is not expected to have any impact on MC's
business performance.
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END
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October 01, 2021 03:42 ET (07:42 GMT)
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