MOL deepens level of integration
On 30 November 2021, the Japan-headquartered shipping company MOL decided to acquire common stock of the Daiburu Corporation in Osaka and Utoc Corporations in Yokohama, respectively, through tender offers for the purpose of making both companies wholly-owned subsidiaries.
MOL thus aims to reinforce group management through a more solid integration of management resources in the group.
MOL will work on sustainable enhancement of its corporate value, including but not limited to shipping business by diversifying its business portfolio, optimise the allocation of management resources and reinforce group management by reforming group governance structure. (sh)