Kirin and Mitsubishi Corporation Agree on Partial Transfer of Yokohama Akarenga
Tokyo, Mar 14, 2013 - (JCN Newswire) - Kirin Holdings Company, Limited (Kirin)
has agreed to transfer 51% of its shares in Yokohama Akarenga Inc. (Akarenga)
to Mitsubishi Corporation (MC). The share transfer (21,318 of the total 30,000
shares held by Kirin) will take place in December, 2013.
Yokohama Akarenga Inc. was established in July 2000 with the aim of creating a
lively and culturally active space in the Yokohama port area. The company
renovated the Yokohama Red Brick Warehouse, Akarenga Soko, a famous historical
landmark once used as Yokohama's customs facility, and transformed it into
a bustling shopping mall and restaurant complex frequented by locals and
tourists alike. Customer needs have nowadays become more diverse, however,
requiring that commercial establishments provide much more sophisticated
services than they did before. Therefore, in an effort to provide better
service to customers and contribute to the prosperity of the Yokohama port
area, Kirin has decided that transferring a portion of its Akarenga shares to
MC. MC's wealth of knowledge and experience in the business will also
contribute to the improvement of Akarenga's corporate value.
The MC Group has demonstrated success in the property development, management,
and investment business. MC will apply its expertise in commercial property
development to the implementation of various measures for the further
prosperity of Akarebnga.
Kirin will remain as a shareholder in Akarenga following the transfer of
shares and will continue its efforts to help improve the Yokohama port area.
About Yokohama Akarenga Inc.
(1) Head Office ： 1-2-2 Shinko, Naka-ku, Yokohama, Kanagawa,
(2) Business Activities ： Management and operation of commercial
facilities at the Yokohama Red Brick Warehouse
(3) Representative ： Hisaya Tsurumoto, President and Chief
(4) Date Established ： July 1, 2007
(5) Number of Employees ： 11 (as of March 1, 2013)
(6) Capital ： 2.1 billion yen JPY
About Mitsubishi Corporation
Mitsubishi Corporation (MC; TSE: 8058) is a global integrated business
enterprise that develops and operates businesses across virtually every
industry including industrial finance, energy, metals, machinery, chemicals,
foods, and environmental business. MC's current activities are expanding
far beyond its traditional trading operations as its diverse business ranges
from natural resources development to investment in retail business,
infrastructure, financial products and manufacturing of industrial goods. With
over 200 bases of operations in approximately 80 countries worldwide and a
network of over 500 group companies, MC employs a multinational workforce of
nearly 60,000 people. For more information, please visit www.mitsubishicorp.com.
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