Key Developments: Mitsubishi UFJ Financial Group Inc (MTU)
6.09USD
24 May 2013
$-0.23 (-3.64%)
$6.32
$6.08
$6.13
$5.99
5,484,552
3,984,832
$7.31
$4.16
Latest Key Developments (Source: Significant Developments)
Mitsubishi UFJ Financial Group Inc Announces Year-end Dividend Payment for 2013; Issues Mid-year and Year-end Dividend Forecasts for FY 2014
Mitsubishi UFJ Financial Group Inc announced that it has decided to pay a year-end dividend of JPY 7 per share, above the last forecast of JPY 6 per share, to all shareholders of record as of March 31, 2013, for the fiscal year ended March 31, 2013. The payment will be conducted on June 27, 2013. The Company has issued the mid-year dividend forecast of JPY 7 per share, as well as year-end dividend forecast of JPY 7 per share, for the fiscal year ending March 2014. Full Article
Mitsubishi UFJ Financial Group Inc Announces Partial Change to Article of Incorporation of Authorized Share Number
Mitsubishi UFJ Financial Group Inc announced that it has received approval from the shareholders meeting to make partial change to its article of incorporation. Based on change to article six, the Company will decrease total number of authorized shares from 33,920,001,000 shares to 33,800,001,000 shares. Full Article
Mitsubishi UFJ Financial Group Inc's Unit In Talks To Acquire Rights Sell Services To Morgan Stanley Trust Clients-Reuters
Reuters reported that Mitsubishi UFJ Financial Group Inc is in talks to acquire the rights to sell trust-banking services to Morgan Stanley's clients, in the bank's latest bid to expand its business abroad. The proposed deal involves Mitsubishi UFJ's Union Bank providing services to trust accounts worth an estimated $4 billion, which Morgan Stanley will continue to manage. Union Bank will earn fees on the trust services it sells. Full Article
Mitsubishi UFJ Financial Group Inc's UnionBank Set To Buy Deutsche Bank AG U.S. Property Loans Worth $3.7 Billion-Reuters
Reuters reported that Mitsubishi UFJ Financial Group Inc (MUFG ) is in advanced talks to buy U.S. commercial property loans from Deutsche Bank AG worth about $3.7 billion. The acquisition, which is likely to be agreed within a few days and will include Deutsche's team of bankers specialising in commercial real estate loans, comes amid an aggressive push by MUFG to ramp up its U.S. assets. The acquisition will be made by MUFG's U.S. subsidiary UnionBank. Full Article
Hon Hai Precision Ind. Co Ltd Says Remains Committed To Buy Sharp Corp Stake; Mizuho Financial Group Inc And Mitsubishi UFJ Financial Group Inc Not Expecting In Revised Deal-Reuters
Reuters reported that talks on an alliance between Sharp Corp and Hon Hai Precision Ind. Co Ltd will continue even though a deadline for a deal between the two lapsed on Tuesday. Hon Hai said it remained committed to buy a 9.9% stake in Sharp. The banks, which include Mizuho Financial Group Inc and Mitsubishi UFJ Financial Group Inc had not been expecting a revised deal with Hon Hai. Sharp has concluded smaller investment deals with Samsung Electronics Co Ltd and Qualcomm Inc. Full Article
Mitsubishi UFJ Financial Group Inc Appoints New President
Mitsubishi UFJ Financial Group Inc announced that it has appointed Nobuyuki Hirano as the new President of the Company, to replace Katsunori Nagayasu, effective April 1, 2013. Full Article
Mitsubishi Ufj Financial Group Inc To Buy Bank Of America Merrill Lynch's Stake In Japan Private Banking Joint Venture-Reuters
Reuters reported that Mitsubishi UFJ Financial Group Inc has agreed to buy out Bank of America Merrill Lynch's stake in their Japanese private banking joint venture for about $480 million. Mitsubishi UFJ Financial Group Inc will buy Merrill Lynch's 49% stake in Mitsubishi UFJ Merrill Lynch PB Securities Co, the private banking venture formed in 2006, for an undisclosed sum, the companies said in a statement. A source with direct knowledge of the matter said the value of the deal is about 40 billion yen ($482.3 million). Full Article
Mitsubishi UFJ Financial Group Inc Announces Subsidiary's Violation of Economic Sanction Rules in United States
Mitsubishi UFJ Financial Group Inc announced that its subsidiary, The Bank of Tokyo-Mitsubishi UFJ, Ltd, has paid USD 8.6 million for settlement of violation of economic sanction rules in the United States. Full Article
Hitachi Capital Corp to Fully Acquire NBL from Mitsubishi UFJ Financial Group, Inc.
Hitachi Capital Corp announced that it has decided to acquire 12,000,000 shares (a 60% stake) in NBL, a Japan-based company which is engaged in general leasing business, from Mitsubishi UFJ Financial Group, Inc., for JPY 2.5 billion in total (including JPY 2.4 billion for the acquisition amount and JPY 100 million as advisory costs), effective April 1, 2013. After this, Hitachi Capital Corp will hold a 100% stake (20,000,000 shares) in Mitsubishi UFJ Financial Group, Inc. Full Article
Lynas Corp Ltd Announces Holding Interest Of Mitsubishi UFJ Financial Group, Inc.
Lynas Corp Ltd announced that Mitsubishi UFJ Financial Group, Inc. has an interest of 67,367,060 ordinary shares, which represents 5.09% of voting power in the Company. Full Article
Thai Bank of Ayudhya denies report of MUFG offer for stake
BANGKOK - Bank of Ayudhya Pcl , Thailand's fifth-largest lender, denied a newspaper report that Japan's Mitsubishi UFJ Financial Group (MUFG) had offered to buy General Electric's stake in it for 40 baht per share.
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