Asahi Kasei Homes Corp. concluded a contract to acquire a 22.38% stake in Chuo Build Industry Co., Ltd. (TSE:1971) from Alinco Incorporated (TSE:5933) for ¥690 million on February 14, 2017. Under the terms, Alinco Incorporated (TSE:5933) will sell 4.6 million common shares of Chuo Build Industry to Asahi Kasei Homes Corp. for ¥150 per share. Concurrently, Chuo Build Industry Co., Ltd. will issue 3.1 million common shares to Asahi Kasei Homes Corp. for ¥465 million by third party allotment method. After completion of the equity transfer and third party allotment, Alinco Inc. will hold 9.51% and Asahi Kasei Homes Corp. will hold 32.99% stake in Chuo Build Industry Co., Ltd. The transaction is expected to close on March 3, 2017.

Asahi Kasei Homes Corp. cancelled the acquisition of 22.38% stake in Chuo Build Industry Co., Ltd. (TSE:1971) from Alinco Incorporated (TSE:5933) on February 14, 2018.