| Company Profile | : | Electric Wires and Cables,Power Cables for High-Voltage Transmission. At meetings of the Boards of Directors of Mitsubishi Materials Corporation (“MMC”) and
Mitsubishi Cable Industries (“MCI”) held today, resolutions were approved to convert MCI
into a wholly owned subsidiary of MMC through a share exchange pursuant to a share
exchange agreement, which was also executed today (the “Share Exchange”).
The share exchange agreement must be approved at an extraordinary general meeting
of the shareholders of MCI scheduled for February 9, 2010, and the effective date of the
Share Exchange is scheduled for March 12, 2010. In accordance with Article 796,
Paragraph 3, of the Companies Act, MMC intends to conduct a simplified share exchange
that will not require approval at a general meeting of its shareholders.
In addition, it is expected that MCI’s shares will be delisted on March 9, 2010, in advance
of the Share Exchange effective date, which is scheduled for March 12, 2010. The last day |
| Deals In | : | Auto Spare Parts, Auto Parts, Engine Gasket and Packing, Other Electrical Parts, Cable, Hightension Cable, Wiring Harnesses |