Three Mitsubishi Group companies reportedly have raised their stake in Mitsubishi Motors Corp. to 34% by converting a portion of their preferred stock. The three companies: Mitsubishi Corp.; Mitsubishi Heavy Industries Ltd.; and Bank of Tokyo-Mitsubishi; now own 5.399 billion outstanding common shares of MMC vs. 4.912 billion previously. Mitsubishi Heavy is the largest shareholder, with a 15.5% stake; followed by Mitsubishi Corp., with 13.7%. Bank of Tokyo-Mitsubishi has a 4.5% stake in ...

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