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.