Food Planet, Inc. (TSE:7853) signed a basic agreement to acquire 29.26% stake in Q's Dining from Red Planet Japan, Inc. (JASDAQ:3350) on June 9, 2016. In related deals, Food Planet will acquire Red Planet Foods Co., Ltd, 40.8% in Sweetstar Co., Ltd., 49% in Sweetstar Asia Limited. The deal is expected to close on June 30, 2016. Food Planet, Inc. (TSE:7853) completed the acquisition of 29.26% stake in Q's Dining from Red Planet Japan, Inc. (JASDAQ:3350) for approximately ¥220 million on June 14, 2016. Food Planet, Inc. acquired 213 shares of Q's Dining. The acquisition price (or the balance, in case prepayment has been made) due to each seller will be made until the final business day of December 2020.