Chino Corporation (TSE:6850) agreed to acquire 9.98% stake in Meiyo Electric Co.,Ltd. from Yasuko Sugino on January 14, 2022. The deal is subject to approval from Chino Corporation (TSE:6850) board. As of January 14, 2022 Chino Corporation (TSE:6850) board approved the deal.

The deal is expected toclose on February 1, 2022.