Brangista Inc. (TSE:6176) signed a contract to acquire Dugong Co., Ltd from MAC Alternative Asset Management Ltd. and two individual shareholders for ¥530 million on December 20, 2018. Brangista Inc will acquire 1137 shares of Dugong. Two individual shareholders will sell 43.98% stake each in Dugong. Post completion, Dugong will become subsidiary of Brangista Inc. Dugong reported total assets of ¥28 and net assets of ¥15 million as of December 31, 2017. The transaction is resolved by the Board of Brangista. The transaction is expected to compete on December 20, 2018.