June, 2007

Announcement of Business Alliance with Mitsubishi Heavy Industries, Ltd.

Jun 2007
On June 8, 2007, in an effort to further strengthen our alliance with Mitsubishi Heavy Industries, Ltd. (MHI), Nichiyu established an ownership relation with MHI. Nichiyu will issue new shares amounting to 4.2 billion yen, which will be underwritten by MHI. Consequently, MHI will become Nichiyu’s largest shareholder with 20% of its shares. This arrangement will strengthen Nichiyu’s capital base, further enhance competitiveness in terms of both...
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