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Notice Concerning Conclusion of Absorption-type Split Agreement
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Tokyo, July 31, 2014 - Mitsubishi Heavy Industries, Ltd. (MHI), at a Board of Directors meeting held today, approved a company split whereby its intellectual properties and related assets, rights and obligations pertaining to its steel and metal production machinery business will be transferred to Mitsubishi-Hitachi Metals Machinery, Inc. (MH), a consolidated group company. Because the split entails transfer to a consolidated group company, the following disclosure contents omit some items and details.
About MHI Group
Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.