Hibino Corporation (JASDAQ:2469) signed a basic agreement to acquire Sama Sound Inc., Sama D&I Co., Ltd. and Sama CDS Inc. from Junwhan Inn and Sama ProSound Co., Ltd on October 24, 2018. Upon completion, Sama Sound Inc., Sama D&I Co., Ltd., and Sama CDS Inc. will operate as subsidiaries of Hibino Corporation. For the year ended March 2018, Sama Sound Inc. reported sales of KRW 9.07 billion and Sama D&I Co., Ltd. reported sales of KRW 5.18 billion. The transaction was resolved by the Board of Hibino Corporation on October 24, 2018. The agreement is expected to be signed in late November 2018. The transaction is expected to be closed in late December 2018.