Food Planet, Inc. (TSE:7853) signed a basic agreement to acquire 40.8% in Sweetstar Co., Ltd. from Red Planet Japan, Inc. (JASDAQ:3350) on June 9, 2016. In related deals, Food Planet will acquire Red Planet Foods Co., Ltd., 49% in Sweetstar Asia Limited and 29.26% stake in Q's Dining. The deal is expected to close on June 30, 2016. Food Planet, Inc. (TSE:7853) completed the acquisition of 40.8% in Sweetstar Co., Ltd. from Red Planet Japan, Inc. (JASDAQ:3350) for approximately ¥210 million on June 14, 2016. Under the terms, 0.9 million shares of Sweetstar were acquired. 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.