Fujix Ltd. (TSE:3600) agreed to acquire additional 80% stake in Changzhou Yingfu Textile Co., Ltd. from Eiki K.K. for approximately CNY 210 million on June 1, 2017. Post-acquisition, Changzhou Yingfu Textile Co., Ltd. will operate as a subsidiary of Fujix Ltd. and will hold 90% stake in Changzhou Yingfu Textile Co., Ltd. For the year ended December 31, 2016, Changzhou Yingfu Textile Co., Ltd. reported total revenues of CNY 6.83 million, total assets of CNY 16.94 million, operating loss of CNY 0.39 million, net loss of CNY 0.39 million and net assets of CNY 16.71 million. As of June 1, 2017, Board of Fujix Ltd. resolved the transaction. The transaction is expected to complete on June 14, 2017.