- Report of Foreign Issuer (6-K)
28 Mars 2011 - 12:08PM
Edgar (US Regulatory)
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Additional Acquisition of a Minority Stake in TPV Technology Limited
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of
March 28, 2011
Commission File Number
09929
Mitsui & Co., Ltd.
(Translation of registrants name into English)
2-1, Ohtemachi
1-chome Chiyoda-ku, Tokyo 100-0004 Japan
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F
X
Form
40-F
Indicate by check mark if the registrant is
submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: March 28, 2011
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MITSUI & CO., LTD.
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By:
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/s/ Junichi Matsumoto
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Name:
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Junichi Matsumoto
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Title:
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Executive Vice President
Chief Financial Officer
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March 28, 2011
For Immediate Release
To whom it may concern
Mitsui & Co., Ltd.
Additional Acquisition of a Minority Stake in TPV Technology Limited
Mitsui & Co., Ltd.
(Mitsui) (Head Office: Tokyo; President and CEO: Masami Iijima) would like to announce the completion of additional stake acquisition in TPV Technology Limited (TPV) (Listed on The Stock Exchange of Hong Kong Limited and
Singapore Exchange Securities Trading Limited) effective on March 25, 2011 (the Transaction).
In 2010, Mitsui acquired
15.05% of stake in TPV via third party allotment and mandatory cash offer. Mitsui, at this time, additionally acquired 5.14% stake in TPV through the trust agreement with the financial institution, resulting in holding 20.18% stake in TPV, making
TPV a Mitsuis associated company. Mitsuis additional investment is approximately ¥7 billion, with total investment amount of approximately ¥29 billion.
Mitsui envisages further strengthening its business initiatives with TPV and its related group companies in order to expand its business in the growing display related market.
1.
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Change in Mitsuis Shareholdings in TPV as a Result of the Transaction
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Shares
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Voting Rights
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Before the Transaction
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353,008,590
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15.05
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%
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Additional Shares
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120,474,000
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5.14
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%
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After the Transaction
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473,482,590
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20.18
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%
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2.
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Date of the Completion of the Transaction
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March 25, 2011
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Company Name
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TPV Technology Limited
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Registered Office
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Canons Court 22, Victoria Street, Hamilton, Bermuda
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Establishment
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1998
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Representative
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Chairman and CEO: Jason Hsuan
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Main Business
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Design and manufacturing of display related products
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Issued Share Capital
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US$1,796 million (As of December 2010)
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Sales
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US$11,632 million (FY December 2010)
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Major Shareholders and Ownership
(After the Transaction)
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China Electronics Corporation group 35.05%
Mitsui 20.18%
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The Transaction is not
expected to have any significant impact on Mitsuis consolidated financial results of fiscal year ending March 2011.
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For further information, please contact:
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Mitsui & Co., Ltd.
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Investor Relations Division
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Corporate Communications Division
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Telephone: +81-3-3285-7910
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Telephone: +81-3-3285-7562
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Notice: This press release includes forward-looking statements about Mitsui. These forward-looking statements are based on the current assumptions and beliefs of Mitsui in light of the information
currently available to it, and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause Mitsuis actual results, performance, achievements or financial position to be materially
different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements. The risks, uncertainties and other factors referred to above include, but are not limited to, those
contained in Mitsuis latest annual report on Form 20-F, which has been filed with the U.S. Securities and Exchange Commission. This press release is published in order to publicly announce specific facts stated above, and does not constitute a
solicitation of investments or any similar act inside or outside of Japan, regarding the shares, bonds or other securities issued by us.
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