LIZ LISA concluded a contract to acquire business facilities of Vent International Co., Ltd. from Cross Plus, Inc. (TSE:3320) and other shareholder for approximately ¥310 million on September 15, 2015. Vent International will be dissolved at closing. LIZ LISA will acquire trademark, product inventory, business equipment and fixtures.

Vent International Co., Ltd reported net liabilities of ¥5.04 billion, total assets of ¥1.68 billion, sales of ¥5.1 billion, current loss of ¥1.45 billion and net loss of ¥1.68 billion during the year ending January 2015. The Board of Cross Plus passed a resolution for the transaction on September 15, 2015. The shareholders of Vent International passed a resolution for the transaction on September 25, 2015.

The transaction is expected to close by October 16, 2015. Vent International Co., Ltd is expected to be dissolved on January 1, 2016.