CAREER BANK Co.,Ltd. (SPSE:4834) concluded a basic agreement to acquire Sapporo Language Center Japanese Course from Lingua Franca Co., Ltd. for ¥160 million on October 27, 2016. The acquisition includes management rights and building from Sapporo Language Center Japanese Course. The consideration will be paid in cash. The board of directors of CAREER BANK Co.,Ltd. announced the resolution for the transaction on November 7, 2016. A contract is expected to be signed on November 21, 2016 and closing is expected on December 1, 2016.