TOKYO, Dec 7, 2018 - (JCN Newswire) - In conjunction with the capital-related measures affecting its Group company Mitsubishi Aircraft Corporation (Mitsubishi Aircraft) described in the Press Information of October 31, 2018 ("MHI Increases Capital in Mitsubishi Aircraft Corporation"), Mitsubishi Heavy Industries, Ltd. (MHI) has canceled 50 billion yen of the total debt owed to it by Mitsubishi Aircraft and taken over the company's subscription shares in their entirety. As a result of these measures, effective today a capital increase in Mitsubishi Aircraft has been completed in the amount of 170 billion yen.
After the capital increase, Mitsubishi Aircraft's paid-in capital and capital reserve each now stand at 135 billion yen. The capital-related measures indicated above will strengthen Mitsubishi Aircraft's business foundation and drive development of the MRJ forward.
About Mitsubishi Heavy Industries, Ltd.
Mitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial firms. For more than 130 years, we have channeled big thinking into solutions that move the world forward - advancing the lives of everyone who shares our planet. We deliver innovative and integrated solutions across a wide range of industries, covering land, sea, sky and even space. MHI Group employs 80,000 people across 400 locations, operating in three business domains: "Power Systems," "Industry & Infrastructure," "Aircraft, Defense & Space." We have a consolidated revenue of around 40 billion U.S. Dollars. We aim to contribute to environmental sustainability while achieving global growth, using our leading-edge technologies. By bringing people and ideas together as one, we continue to pave the way to a future of shared success.
For more information, please visit MHI's website: https://www.mhi.com
For Technology, Trends and Tangents, visit MHI's new online media SPECTRA: https://spectra.mhi.com
Corporate Communication Department
Mitsubishi Heavy Industries, Ltd.
Dec 7, 2018 12:46 HKT/SGT
Source: Mitsubishi Heavy Industries, Ltd.
Topic: Press release summary
Sectors: Daily News
From the Asia Corporate News Network
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