Key Developments: Marubeni Corp (MARUY.PK)
73.65USD
17 May 2013
$0.65 (+0.89%)
$73.00
$73.11
$73.65
$73.11
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833
$80.84
$60.11
Latest Key Developments (Source: Significant Developments)
Marubeni Corp to Pay Year-end Dividend for FY 2013
Marubeni Corp announced that it will pay a year-end dividend of JPY 12.00 per share, or JPY 20,835 million in total, in line with the latest dividend forecast of JPY 12.00 per share, to all the shareholders as a record of March 31, 2013, effective May 31, 2013. Full Article
Marubeni Corp Issues FY 2013 Financial Guidance
Marubeni Corp announced the financial guidance of revenue at JPY 13,700 billion, operating profit at JPY 175 billion, pre-tax profit at JPY 280 billion and net profit attributed to shareholders at JPY 210 billion for the fiscal year ended March 2013. According to I/B/E/S Estimates, analysts on average were expecting the Company to report full-year revenue of JPY 10,541.67 billion, operating profit of JPY 295.47 billion and net income of JPY 200.51 billion. Full Article
Marubeni Corp Increases Voting Rights of Daiei Inc
Daiei Inc announced that Marubeni Corp has become the Tokyo-based company engaged in the stock holding and management business has become the top shareholder of the Company with 29.34% voting rights, up from 18.45%, effective April 23, 2013. Full Article
NEC Mobiling Ltd Announces Business and Capital Alliance with Marubeni Corp
NEC Mobiling Ltd announced that along with the takeover bid offered by Marubeni Corp's Subsidiary, NEC Mobiling Ltd and Marubeni Corp will form a business and capital alliance. Through the business alliance, NEC Mobiling Ltd will be utilizing Marubeni group's mobile communication business technol goy, sales network, among others. The capital alliance is formed through the takeover bid offered by Marubeni Corp's Subsidiary. Full Article
NEC Mobiling Ltd Announces Take Over Bid Offered by Marubeni Corp's Subsidiary
NEC Mobiling Ltd announced that Marubeni's subsidiary, a Tokyo-based company which is engaged in mobile business operation, has launched takeover bid for 14,529,257 shares (a 100% stake) or no less than 7,410,000 shares (a 51% stake), at the price of 5,510 per share, or for JPY 80,056 million, during the period from April 30, 2013 to June 12, 2013. The settlement date is June 19, 2013. Full Article
China Conditionally Clears $5.6 Billion Marubeni Corp-Gavilon Deal-Reuters
Reuters reported that Chinese regulators on Tuesday gave a qualified green light to Japanese trading house Marubeni Corp's $5.6 billion purchase of U.S. grain merchant Gavilon, imposing stiff conditions that underscore Beijing's anxiety over food security. The deal was announced almost a year ago but has been held up for months by Beijing's close scrutiny of the combined group, which would have a leading role in supplying soybeans and other grains to China. U.S. and European antitrust authorities had already cleared the transaction. Full Article
Marubeni Corp's Telecom Unit To Buy NEC Mobiling Ltd-Reuters
Reuters reported that Marubeni Corp's telecom unit is preparing to buy NEC Mobiling Ltd. IT services provider and mobile handset maker NEC is shedding non-core assets in order to bolster its profitability. Full Article
Marubeni Corp Signs Business Alliance Agreement with Rosneft-Reuters
Reuters reported that Rosneft, a Russia-based national oil company, announced that it has signed a business alliance agreement on liquefied natural gas (LNG) with Marubeni Corp. Through the agreement, the two companies will cooperate in LNG project located in Far East area of Russia, as well as the joint development of oil and gas projects in Russia. Full Article
Myanmar Names Marubeni Corporation And Other Bidders In Race For Two Mobile Licences-Reuters
Reuters reported that Myanmar has announced the names of 12 international consortia that have pre-qualified to bid for two mobile licences, moving closer to opening one of the last major untapped mobile markets. The companies include Bharti Airtel Ltd, China Mobile Ltd, KDDI CORP, MTN Group Ltd, Singapore Telecommunications Ltd, Telenor ASA and Digicel, a group backed by billionaire George Soros. The pre-qualified applicants will be required to submit their applications to the committee by June 3, 2013. The committee expects to announce the names of two winners to receive 15-year telecommunications licences by June 27, it said. China Mobile has teamed up with Vodafone Group Plc, while France Telecom SA is working with Marubeni Corporation, and Africa's MTN with M1 Telecom and Amara Communications. SingTel has joined with Myanmar Telephone Co Ltd and KBZ, while KDDI has teamed up with Japan's SUMITOMO CORP and Myanmar Information and Communication Technology Development Corp. Other pre-qualifiers are Axiata Group Bhd, Millicom International Cellular SA, Qatar Telecom QSC and Viettel Group. The bidding has attracted wide interest from international telecoms firms, which see huge opportunities in a country of 60 million where mobile penetration is just 5%-10%, compared with rates of over 100% in many developed markets. Full Article
Daiei Inc Announces Termination of Capital and Business Alliance with Aeon Co Ltd and Marubeni Corp
Daiei Inc announced that it has decided to terminate the capital and business alliance with Aeon Co Ltd and Marubeni Corp, after the takeover bid launched by Aeon for shares of Daiei. The capital and business alliance was signed on March 9, 2007. Full Article
Columbia Grain locks out dockworkers in U.S. Pacific Northwest
CHICAGO - Grain shipper Columbia Grain on Saturday locked out longshore workers in the Pacific Northwest in the latest escalation of a simmering labor dispute.
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