CAICA Inc. (JASDAQ:2315) entered into capital and business tie-up contract to acquire 12.07% stake in iStudy Co., Ltd. (TSE:2345) from e frontier, Inc. on December 29, 2017. CAICA Inc. will acquire 0.24 million shares through an off-market negotiated transaction. Post completion, e frontier, Inc will not hold any stake in iStudy and CAICA Inc. will hold 12.07% stake in iStudy.

CAICA Inc. (JASDAQ:2315) cancelled the acquisition of 12.07% stake in iStudy Co., Ltd. (TSE:2345) from e frontier, Inc. on December 29, 2018.