AGORA Hospitality Group Co., Ltd (TSE:9704) signed a contract to acquire Namba Hotel Operations Co., Ltd. on July 11, 2019. Under the terms of the transaction, AGORA Hospitality Group Co., Ltd will acquire 0.06 million shares of Namba Hotel Operations Co., Ltd. Namba Hotel Operations Co., Ltd. reported sales of ¥1.1 billion for the year ended December 2018. The transaction was resolved by AGORA Hospitality Group Co., Ltd on July 11, 2019. The transaction is expected to close by the end of August 2019. AGORA Hospitality Group Co., Ltd (TSE:9704) cancelled the acquisition of Namba Hotel Operations Co., Ltd. on July 11, 2020.