trending Market Intelligence /marketintelligence/en/news-insights/trending/4s1UeHF2k1IkWtFJ9eRbVg2 content esgSubNav
In This List

Mitsubishi UFJ Financial to transfer shares in unit to Mitsubishi UFJ Trust

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Investment Banking Essentials Newsletter April Edition - 2022

Blog

Banking Essentials Newsletter April Edition - 2022


Mitsubishi UFJ Financial to transfer shares in unit to Mitsubishi UFJ Trust

Mitsubishi UFJ Financial Group Inc. will transfer 285,900 shares of Mitsubishi UFJ Investor Services & Banking (Luxembourg) SA to Mitsubishi UFJ Trust & Banking Corp. by means of a company split, effective May 31.

The company said Jan. 24 that the transfer will help streamline the business and strengthen the authority of Mitsubishi UFJ Trust in managing the business.

Under the planned absorption-type split, Mitsubishi UFJ Trust will issue new shares, all of which will accede to Mitsubishi UFJ Financial. Mitsubishi UFJ Trust will inherit 285,900 shares, which Mitsubishi UFJ Financial will receive from unit Bank of Tokyo-Mitsubishi UFJ Ltd. by means of a dividend.

The impact of the split on Mitsubishi UFJ Financial's business results is expected to be negligible.