Senriya International Limited concluded an agreement to acquire Gendai R1 Limited from Gendai Agency Inc. (JASDAQ:2411) on November 10, 2017. As per terms 70,000 shares will be acquired. For the year ended December 2016, Gendai R1 Limited reported net assets of HKD 1.7 billion, total assets of HKD 1.9 billion, sales of HKD 5.8 billion, operating loss of HKD 0.93 million and net loss of HKD 2.3 million. The Board of Directors of Gendai Agency Inc. resolved the transaction on November 10, 2017. The deal is expected to close on November 10, 2017.