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Mitsubishi Estate Co Ltd Announces Change of Subsidiary

Thursday, 27 Sep 2012 05:00am EDT 

Mitsubishi Estate Co Ltd announced that it has decided the repayment of preferred equity investment in its 90%-owned subsidiary, which engages in the holding and selling of properties, effective November 30, 2012. As a result, the Company will hold a 50% stake in the subsidiary and the subsidiary will be no longer a subsidiary of the Company.