Mitsubishi

ABB will pay JPY79 billion ($495 million) for a controlling 51 percent stake in a new Asia-Pacific low-voltage joint venture with Mitsubishi Electric’s power distribution business.

Lin Yin International Investment Co Ltd, an investment management subsidiary of Foxconn, will acquire a 50 percent stake in Mitsubishi Electric Mobility Corp for JPY 115 billion ($727 million) as part of a strategic alliance to jointly operate the automotive equipment business.

Philippine President Ferdinand Marcos Jr. has lauded Mitsubishi Corp.'s investment of $700 million in energy firm Ayala Corp as among the largest foreign equity investments in the Philippines in recent years.

Preferred Networks (PFN), Mitsubishi Corporation (MC) and Internet Initiative Japan (IIJ) have on Monday announced that the three companies will establish their joint venture Preferred Computing Infrastructure, Inc. (PFCI) in January 2025.

Japan-based conglomerate Mitsubishi Corporation said Friday it will invest in Ayala Corporation joint venture with stake in Globe Fintech Innovations, Inc. (Mynt), the parent company of the Philippines-based finance super app.

Japan's largest bank MUFG Bank has on Tuesday announced that it has established the Marunouchi Climate Tech Growth Fund L.P. with Mitsubishi Corporation and Pavilion Private Equity Co., Ltd. The fund which has $400 million at establishment, is targeting a fund size of $800 million to $1 billion.