Yoko Toshikaihatsu Co (JASDAQ:8946) agreed to acquire Belgravia Capital Group Holdings Limited from Belgravia Capital for approximately ¥350 million on January 17, 2014. Yoko Toshikaihatsu will acquire 100 shares of Belgravia Capital. Yoko Toshikaihatsu willl pay ¥203 million for share acquisition and ¥150 million for liability payment.

The liability payment corresponds to Rongwen International Investment Limited's payment of ¥0.01 million, Eagle Power International Limited's payment of ¥65.93 million and Genesis Asia Investment Limited's payment of ¥18.55 million. Belgravia Capital reported net assets of ¥0.48 million, total assets of ¥264.34 million, sales of ¥403.97 million, operating profit of ¥74.58 million and net income of ¥74.66 million for period ended December 2012. The transaction is expected to complete January 31, 2014.

As on January 31, 2014, the transaction is now expected to complete no later than February 28, 2014.