Shimadzu (Hong Kong) Limited concluded a contract to acquire remaining 30% stake in Shimadzu-GL Sciences (Shanghai) Laboratory Supplies Co., Ltd. from GL Sciences Inc. (TSE:7705) on July 23, 2018. The stock transfer payment date is July 25, 2018. Prior to the transaction, Shimadzu (Hong Kong) Limited held 70% stake and GL Sciences Inc. held 30% stake in Shimadzu-GL Sciences (Shanghai) Laboratory Supplies Co., Ltd. The Board of Directors of GL Sciences Inc. passed a resolution for the transaction on July 23, 2018.