Mitsui & Co. to Participate in Office Building Renovation Project in Shanghai, China
(WorldNews Japan)

Mitsui & Co., Ltd. (`Mitsui`, Head Office: Tokyo, President and CEO: Tatsuo Yasunaga) and Ascendas-Singbridge Group (`ASB`, Head Office: Singapore, Group CEO: Miguel Ko) will jointly collaborate in an office building renovation project in central Shanghai, China, and have recently entered into agreements relating to their investments in this project. The project comprises partial renovation of two existing office buildings, Ascendas Plaza (`AP Building`) and Ascendas Innovation Place (`AIP Building`). Mitsui will also acquire a 45% stake in an investment vehicle established by ASB. Total investment in this project will amount to approximately ¥18 billion. The AP...