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