Balnibarbi Co.,Ltd. (TSE:3418) entered into a basic agreement to acquire R.T Partners Co., Ltd. from Tetsuo Roji for approximately ¥310 million on July 19, 2017. The share exchange contract is expected to be concluded in late August 2017. The corporate resolution concerning the approval of the basic agreement was completed on July 19, 2017. The parties involved in the transaction signed the agreement on August 22, 2017. Under the terms of the transaction, Balnibarbi Co.,Ltd. will acquire approximately 0.028 million shares of R.T Partners Co., Ltd. and the value per common share of R.T Partners to be ¥9,966. On October 24, 2017, Balnibarbi Co.,Ltd. announced that it will issue 3.55 shares for every share of R.T Partners Co., Ltd. resulting into issuance of 0.11 million shares. As of July 2016, R.T Partners Co., Ltd. reported total assets of ¥0.65 million and net assets of ¥0.65 million. The transaction is expected to be approved by the shareholders of R.T Partners Co., Ltd. on August 22, 2017. The transaction has been resolved by the Board of Balnibarbi Co.,Ltd. On August 22, 2017, shareholders of R.T Partners Co., Ltd. approved the transaction. The transaction is expected to be closed in late October 2017. Balnibarbi Co.,Ltd. (TSE:3418) completed the acquisition of R.T Partners Co., Ltd. from Tetsuo Roji in October 2017.