Mitsubishi Corporation is a Japan-based general trading company. The Company has over 200 bases of operations in approximately 80 countries around the world. The Company operates in seven business groups: Business Innovation Group; Industrial Finance, Logistics & Development Group; Energy Business Group; Metals Group; Machinery Group; Chemicals Group and Living Essentials Group. In November 2008, the Company announced that it divested 51% stake in ITS Business Applications, Inc., a wholly owned subsidiary, which is engaged in provision of Electronic Toll Collection System (ETC)-related services, to PARK24 Co., Ltd. In October 2009, Singapore Telecommunications announced that its wholly owned subsidiary, SCS Computer Systems Pte Ltd., purchased from Azalea Technology Investments, Inc. (Azalea), BPI Computer Systems Corporation, Mitsubishi Corporation and a 21% interest in Ayala Systems Technology, Inc.