TOKYO, Mar 18 (Pulse News Wire) – Mitsubishi Electric Corporation (6503.T) rejected reports yesterday suggesting that Foxconn Precision Industry was considering investing in its automotive equipment business. The company stated that the report was not based on any official statement made by Mitsubishi Electric or its subsidiary, Mitsubishi Electric Mobility.
Mitsubishi Electric continues to pursue a portfolio strategy that considers all options. As part of this approach, the company is evaluating the potential partial divestiture of shares held by Mitsubishi Electric Mobility from the perspective of maximizing shareholder value, enhancing long-term value in the automotive sector, and ensuring swift and reliable execution of transactions.
At this time, there are no confirmed facts or policies regarding the investment. Mitsubishi Electric emphasized that it would promptly disclose any further developments requiring public announcement.
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