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Subject: Divestiture

Mitsubishi Electric Announces Name of Subsidiary That Will Integrate Building Systems Business Following Company Split

Mitsubishi Electric Corporation (TOKYO: 6503) announced today the name of Mitsubishi Electric Building Techno-Service Co., Ltd., a new wholly owned subsidiary that will integrate the company's building systems business following a company split. The name had been undetermined at the time of the announcement "Mitsubishi Electric to Integrate Building Systems Business into Subsidiary via Company Split" dated October 18.

Other than the company name being announced today, other previously announced details regarding the new company remain the same, as follow:

Status of Succeeding Company After Company Split

(1) Name

Mitsubishi Electric Building Solutions Corporation

(2) Head Office

To be determined

(3) Representative

To be determined

(4) Summary of Business

- Development, manufacture, sales, installation, maintenance, repair, etc., of elevators, escalators and building management systems

- Sales, installation, maintenance and repair of refrigeration systems and air conditioners

- Comprehensive building management, including monitoring and control of various building facilities, facility management, operation, and consulting

(5) Paid-in Capital

5,000 million yen

(6) Book Closing Date

March 31

For the full text, please visit: www.MitsubishiElectric.com/news/

News published on 10 november 2021 at 23:15 and distributed by: