Zhong Bao Co., Ltd. signed an agreement to acquire Taiwan Amita Co., Ltd. from Amita Holdings Co.,Ltd. (JASDAQ:2195) for TWD 5 million on April 24, 2020. Taiwan Amita had revenues of ¥67 million (TWD 18.4 million), total assets of ¥39 million (TWD 10.7 million), net liabilities of ¥553 million (TWD 152.2 million), operating loss of ¥37 million (TWD 10.1 million), and net income of ¥32 million (TWD 8.8 million) in the period ending December 31, 2019. Transaction is expected to close in May 2020.