MOL Logistics becomes wholly owned subsidiary of MOL

MOL announced that a consolidated subsidiary of MOL Group, MOL Logistics, Co., Ltd. acquired its issued shares held by its shareholders, and became a wholly owned subsidiary of MOL.
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Takeshi Hashimoto, President & CEO, MOL today announced that a consolidated subsidiary of MOL Group, MOL Logistics, Co., Ltd. (MLG; President: Koichi Yashima; Headquarters: Chiyoda-ku, Tokyo), acquired its issued shares held by its shareholders, and became a wholly owned subsidiary of MOL as of November 7, 2022.

MOL aims to strengthen group management by consolidating the group’s management resources in a more robust manner. It strives to sustainably increase corporate value of MLG by not only strengthening its business but also generating synergistic effects.

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