SourceNext Corporation (TSE:4344) concluded the share transfer agreement to acquire an additional 5.23% stake in BJIT Limited for BDT 23.3 million on February 20, 2019. SourceNext Corporation will acquire 0.05 million shares of BJIT Limited. Prior to the transaction, SourceNext Corporation held 0.1 million shares amounting to 11.24% stake and after the transaction, SourceNext Corporation will hold 0.15 million shares amounting to 16.47% stake. BJIT Limited reported net assets of BDT 88.96 million and total assets of BDT 223.47 million as at June 30, 2018. BJIT Limited reported sales of BDT 280.39 million and operating income of BDT 37.73 million in June 2018. The Board of Directors of SourceNext Corporation passed a resolution for the transaction on February 20, 2019. The transaction is expected to be completed on February 20, 2019. SourceNext Corporation (TSE:4344) cancelled the acquisition of the additional 5.23% stake in BJIT Limited on February 20, 2020.