Bell-Park Co.,Ltd. (JASDAQ:9441) agreed to acquire OC Mobile, K.K. from Orico Business & Communications, K.K. for ¥810 million in cash on January 8, 2014. Bell-Park will acquire 2,000 shares of OC Mobile at ¥405,000 per share. There were additional advisory expenses of ¥35 million.

Upon completion, Bell-Park will operate OC Mobile as its wholly-owned subsidiary. For the period ended March 2013, OC Mobile had net assets of ¥777 million, total assets of ¥1.62 billion, sales of ¥7.77 billion, operating profit of ¥21 million, ordinary profit of ¥12 million and net loss of ¥19 million. The deal is expected to close on February 10, 2014.

Mizuho Bank, Ltd. acted as financial advisor for Bell Park.