TYO:4208

4 stories mentioning TYO:4208Updated 9d ago

Every FINWIRES story that references TYO:4208, newest first.

Market Chatter: Mitsubishi UBE Cement Mulls Tokyo Listing by December

Mitsubishi UBE Cement, jointly owned by Mitsubishi Materials (TYO:5711) and UBE (TYO:4208) mulls an initial public offering for a Tokyo Stock Exchange listing as soon as December, Bloomberg News reported Wednesday, citing people familiar with the matter.The company, formed five years ago through the combination of units of Japanese materials companies, is working with Citigroup, Mizuho Financial Group, Morgan Stanley, and Nomura Holdings as joint global coordinators.Mitsubishi UBE Cement did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia44d ago

Mitsubishi UBE Cement Applies for Tokyo Stock Exchange Listing

Mitsubishi UBE Cement (MUCC), jointly owned by UBE (TYO:4208) and Mitsubishi Materials (TYO:5711), filed for a Tokyo Stock Exchange listing today.The company aims to boost fundraising, governance, resource allocation and overseas growth, especially in the U.S.Listing approval remains subject to Japan Exchange Regulation examination, the filing read.

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Asia45d ago

Update: Seven Japanese Firms Secure Certification for India-Sourced Low-Carbon Ammonia Plan

A consortium of seven Japanese companies, led by IHI (TYO:7013), has received government certification for its plan to utilize low-carbon ammonia produced in India, under a price-gap support scheme tied to Japan's Hydrogen Society Promotion Act.IHI will offtake ammonia from a project with ACME Group in Odisha and supply it to the partners for use in power generation and industrial feedstock, aiming to cut environmental impact, according to a statement on Tuesday.IHI will also develop domestic infrastructure and use the fuel at its own facilities, while planning to expand the supply chain safely across sectors in Japan and abroad.The other Japanese companies are Kobe Steel (TYO:5406), Sumitomo Chemical (TYO:4005), Nippon Beet Sugar Manufacturing (TYO:2108), Hokkaido Electric Power (TYO:9509), Mitsubishi Gas Chemical (TYO:4182), and UBE (TYO:4208).Earlier, Nikkei Asia reported that Tokyo and New Delhi are set to finalize support for a massive green ammonia venture between IHI and ACME during Prime Minister Modi's meeting with his Japanese counterpart later this week.

Nikkei 225TYO:2108TYO:4005TYO:4182TYO:4208TYO:5406TYO:7013TYO:9509

Asia46d ago

UBE to Receive 37 Billion Yen Dividend from Cement Affiliate

UBE (TYO:4208) expects to collect over 37 billion yen in dividends from affiliate Mitsubishi UBE Cement, with payment scheduled for June 30, according to a Tokyo bourse filing on Friday.Since the payer is an equity-method investee, the dividend will not affect earnings for either the first quarter or the full fiscal year ending March 2027. Rather, the amount will be recognized as a reduction in the investment's book value on the consolidated balance sheet.

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