Mitsubishi (JP:8058) has released an update.
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Mitsubishi Corporation has announced a capital reduction for its UK-based subsidiary, Diamond Transmission Corporation Limited, reducing its capital to below 10% of Mitsubishi’s total. As a result, the subsidiary will no longer be classified as a ‘specified subsidiary’ of Mitsubishi. This change is not expected to significantly impact Mitsubishi’s overall business performance.
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