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Mitsui Reports Delay in Disclosing Two US Units as Specified Subsidiaries

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Mitsui & Co's (TYO:8031) US-based real estate subsidiary, MBK Real Estate, conducted a capital increase in MBK Homes and MBK Rental Living, making them its specified subsidiaries on October 6, 2023, according to a Monday Tokyo bourse filing.

The diversified general trading conglomerate said that the company failed to make the required disclosure at the time and "sincerely apologizes" for the delay in reporting the changes.

Following the $12 million capital increase by its unit in October 2023, the capital of each subsidiary exceeded 10% of Mitsui's capital, meeting the criteria to be designated as its specified subsidiaries.

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