Mitsui & Co., Ltd. ("Mitsui") announces that it decided to make secondary offering of some portion of shareholdings in Telepark Corp.("Telepark") in response to their request for diversifying Telepark's shareholders and increase market liquidity of its shares.
1. Number of shares to be offered
36,000 (Common stock)
2. Offering price
to be fixed
3. Number of shares held and voting power before/after this offering (as of 1/31/2007):
This transaction is in line with Mitsui's corporate strategy under the new Medium-term Management Outlook, in which Mitsui has been reviewing and divesting existing investments in parallel with the execution of new investments.
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 Mitsui's 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 Mitsui's 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. The common stock of Telepark will not be and has not been registered
under the United States Securities Act of 1933, and may not be offered or sold
in the United States absent registration or an applicable exemption from registration