OBN Co., Ltd. agreed to acquire 37.5% stake in LINK UP Inc. from Forval Corporation (TSE:8275) for approximately ¥280 million on April 9, 2019. OBN will acquire 6600 shares at a price of ¥4300 per share. The extraordinary shareholders’ meeting of Forval Corporation will be held on April 17, 2019 to make a resolution for the transaction. The transaction has been resolved by the Board of Forval Corporation. Transaction is expected to close on April 19, 2019. OBN Co., Ltd. cancelled the acquisition of 37.5% stake in LINK UP Inc. from Forval Corporation (TSE:8275) on April 9, 2020.