NH Foods Ltd. (TSE:2282) agreed to acquire 8.9% stake in AXYZ Co., Ltd. (JASDAQ:1381) on February 23, 2018. The contract signing is expected to take place on February 23, 2018. As per the terms of deal NH Foods Ltd. will acquire 0.5 million shares. The transaction has been resolved by the Board of AXYZ Co., Ltd.

NH Foods Ltd. (TSE:2282) completed the acquisition of 8.9% stake in AXYZ Co., Ltd. (JASDAQ:1381) for ¥2.4 billion on March 13, 2018. Under the terms of transaction, NH Foods Ltd. acquired 0.5 million shares at ¥4702 each.