Notice Regarding Internal Merger of Group Companies in Hong Kong
Mitsubishi HC Capital Inc. (Representative Director, President & CEO: Takahiro Yanai) announces that today its group company, Mitsubishi HC Capital Management (China) Limited (Managing Director: Keiichi Sato) merged its consolidated subsidiaries to reinforce its business infrastructure and improve its management efficiency in Hong Kong. Mitsubishi HC Capital (Hong Kong) Limited is the surviving company and MHC Capital & Finance (Hong Kong) Limited is the merged company.
Through this merger, Mitsubishi HC Capital group has integrated its business companies in Hong Kong into one in order to deepen the local-based business in which both companies exhibit their strengths arising from their customer bases cultivated over decades, and to combine the resources, know-how and expertise of the two companies. Furthermore, it will address social issues by building high-value-added services that go beyond financial functions in collaboration with partner companies.
About Mitsubishi HC Capital Management (China) Limited
| Company name | Mitsubishi HC Capital Management (China) Limited |
|---|---|
| Representative | Keiichi Sato, Managing Director |
| Location | Hong Kong Special Administrative Region of the People's Republic of China |
| Establishment | June 2016 |
| Business description | Financial holding company |
| Capital | HKD 2,285 million (100%-owned subsidiary of Mitsubishi HC Capital Inc.) |
About Subsidiaries (Second-Tier Subsidiaries) Being Merged (As of June 30, 2022)
| Surviving company | Merged company | |
|---|---|---|
| Company name | Mitsubishi HC Capital (Hong Kong) Limited | MHC Capital & Finance (Hong Kong) Limited |
| Representative | Keiichi Sato, Managing Director | Hideyuki Hotta, Managing Director |
| Location | Hong Kong Special Administrative Region of the People's Republic of China | Hong Kong Special Administrative Region of the People's Republic of China |
| Establishment | April 1975 | April 1973 |
| Business description | Auto finance, photocopier leasing, equipment leasing | Commercial auto finance, equipment leasing, ship finance, sales finance for Japanese companies |
| Capital | HKD 310 million | HKD 120 million |
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