Forval Telecom, Inc. (TSE:9445) acquired remaining 75% stake in White Business Initiative Co from IE Group, Inc. and UV Mobile Fund No. 1 Investment Limited Partnership, a fund managed by United Ventures Inc. for ¥36.1 million on March 30, 2018. White Business Initiative Co will be fully owned by Forval Telecom after the deal. For the year ended March 2017, White Business Initiative Co. reported total assets of ¥109.6 million, net assets of ¥69.3 million, revenue of ¥231.4 million, operating profit of ¥2.9 million, and net profit of ¥2.7 million. Forval Telecom, Inc. (TSE:9445) completed the acquisition of remaining 75% stake in White Business Initiative Co from IE Group, Inc. and UV Mobile Fund No. 1 Investment Limited Partnership, a fund managed by United Ventures Inc. on March 30, 2018.