Key Takeaways
- MHI announced plans to liquidate MHD in September 2021.
- Liquidation completion expected in first half of fiscal year 2022.
- Process delayed due to Danish local laws and regulations.
Mitsubishi Heavy Industries, Ltd. has completed the liquidation of its Danish subsidiary, MHI Holding Denmark ApS (MHD), following a delayed process due to local regulations. The company had initially announced plans for liquidation in September 2021 and expected completion in the first half of fiscal year 2022. Breaking Defense reports that necessary procedures were completed in accordance with Danish laws and regulations.