Mitsubishi Chemical Holdings (JP:4188) has released an update.
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Mitsubishi Chemical Group Corporation has decided to transfer its shares of Kansai Coke and Chemicals Company to Kobe Steel, Ltd., resulting in Kansai Coke’s subsidiaries no longer being part of the Mitsubishi Chemical Group. The strategic move aims to enhance Kansai Coke’s competitiveness and business growth under Kobelco’s management, and aligns with Mitsubishi Chemical’s ongoing business portfolio reform. Mitsubishi Chemical Group will continue evaluating the future of its coal business in the medium to long term.
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