Contec Co., Ltd. (TSE:6639) agreed to acquire Contec Solution China Corporation from Contec Solution Co., Ltd. for ¥63 million (CNY 5 million) on October 16, 2012. For the period ending December 2011, Contec Solution China Corporation reported total assets of CNY 10.13 million, net assets of CNY 7.27 million, sales of CNY 14.97 million, operating loss of CNY 1.04 million and net loss of CNY 0.7 million. The transaction has been resolved by Board of Directors of Contec Co., Ltd. The transaction is expected to close by October 17, 2012. The conversion has been made through www.oanda.com as of October 16, 2012.

Contec Co., Ltd. (TSE:6639) completed the acquisition of Contec Solution China Corporation from Contec Solution Co., Ltd. on October 17, 2012.