Mitsubishi Companies

MUFG mulls Asian focus on investment banking

Mitsubishi UFJ Financial Group, Japan's largest bank by assets, is looking to shift its traditional commercial banking business model in Asia to becoming more investment bank-driven.

Thursday, 12 January, 2012, 12:00am

Electronics firm to build factory

Mitsubishi Electric Corp is expanding its manufacturing operations on the mainland with a US$35 million investment to build a new plant in Jiangsu province.

The Changshu Southeast Economic Development Zone facility will make and sell servo motors, numerical controllers and other factory-automation equipment used by mainland manufacturers of consumer electronics devices.

20 May 2011 - 12:00am

Towngas signs HK$3.8b loan deal

Towngas yesterday signed a HK$3.8 billion five-year syndicated loan facility agreement with a group of banks. Jointly arranged by the Bank of Tokyo-Mitsubishi UFJ, Mizuho Corporate Bank and Citi, it was oversubscribed by more than 70 per cent. The money will be used to refinance a HK$3 billion credit facility agreement dating back to 2006 and support the company's general funding.

11 Feb 2011 - 12:00am

Blogger back from airport exile launches campaign for donations

Shanghai dissident blogger Feng Zhenghu - the man who made international headlines during a three-month exile camped out in a Japanese airport - has launched an open campaign for donations, calling on his fans to 'save a cup of coffee, give me huge support'.

24 Jun 2010 - 12:00am

Tokyo bank reaches out for client cross-referral

Bank of Tokyo-Mitsubishi UFJ, Japan's largest commercial bank, is taking advantage of its strategic relationships with Bank of China and China Merchants Bank for cross-referrals of clients.

The Tokyo-based lender said both BOC and China Merchants had agreed to facilitate introductions to Japanese clients living in mainland cities where it does not have a presence.

17 Dec 2007 - 12:00am

Mind your own business

Wandering the streets of the Marunouchi district - the business heart of the city - on a typical weekday evening would have been like walking through a ghost town a few years ago. Sandwiched between Tokyo Station and the Imperial Palace, the district is today shaking off its dull image and becoming the place to be seen.

23 Dec 2006 - 12:00am

BOC offer attracts $72.8b in orders

Heavy demand sees institutional book covered in a few hours

Bank of China, the mainland's second-largest lender, received overwhelming response to its giant initial public share offering with the institutional book being fully covered on the first day of opening yesterday, attracting at least $72.86 billion worth of orders.

12 May 2006 - 12:00am

home of firm's ex-chief raided

Police yesterday raided the home of the former president of Mitsubishi Motors Corp who was arrested last week on suspicion of hiding vehicle defects even after promising to come clean in an earlier cover-up scandal.

15 Jun 2004 - 12:00am

Deal sealed on hotel

Hongkong and Shanghai Hotels has signed a non-binding agreement with Japan-based developer Mitsubishi Estate to redevelop an existing 4,300 square metre site into a new Peninsula hotel in Tokyo.

24 Mar 2001 - 12:00am

Mitsubishi in Net assault

Tokyo: Japanese car-maker Mitsubishi Motors will start on-line car sales in the United States by launching a Web site in April.

19 Jan 2000 - 12:00am

Air-conditioning deal sealed

Japan's Mitsubishi Heavy Industries has granted Wah Lee Resources Holdings distribution rights in the mainland for four models of split-type air-conditioning systems. The contract runs for an initial one-year term.

26 Apr 1999 - 12:00am

MHI set to win order for survey drill ship

Japan's Science and Technology Agency is likely to name Mitsubishi Heavy Industries (MHI) as the main contractor to build the world's largest and most powerful deep-water survey drill ship.

The order, under a five-year programme beginning this month, will include other sub-contractors for fabricating the hull.

14 Apr 1999 - 12:00am

Japanese bank cuts leases after merger

Bank of Tokyo-Mitsubishi has terminated leasing contracts on 10 units at various upmarket residential developments as part of a streamlining plan following its merger, according to sources.

The move brought to 40 the number of terminated contracts since the Bank of Tokyo and the Bank of Mitsubishi merged in April last year to form the world's largest bank.

15 Oct 1998 - 12:00am

Engine venture to start

Mitsubishi Motors will in August begin production of its 4G6 engine at its joint venture with China Aerospace Automotive Industry in Liaoning. The venture is to produce 2,000 cc and 2,400 cc engines at a rate of 2,000 to 3,000 units in the first 12 months, shifting to 150,000 units a year from January 2000.

6 Jun 1998 - 12:00am

NYK enters Baltic markets

Japanese shipper Nippon Yusen Kaisha (NYK) is to enter the Baltic states market for the first time by choosing Icelandic firm MGH as its agent for its deep-sea liner service.

MGH will handle NYK's deep-sea liner services for Latvia, Lithuania and other parts of the former Soviet Union served through Baltic ports. MGH is part of Iceland's largest shipping company, Eimskip.

23 Mar 1998 - 12:00am