Hokko Chemical Industry Co., Ltd. (TSE:4992) agreed to acquire MURATA CHO Co., Ltd from Regional Economy Vitalization Corporation of Japan(REVIC) for ¥150 million on February 26, 2019. Hokko Chemical Industry Co., Ltd concluded a contract with Regional Economy Vitalization Corporation of Japan(REVIC) on March 8, 2019. The consideration is paid in cash. Under the terms, Hokko Chemical Industry will acquire 0.15 million common shares and 0.31 million Preferred shares A of MURATA CHO. Post-acquisition, MURATA CHO will become a wholly owned subsidiary of Hokko Chemical Industry. MURATA CHO Co., Ltd reported sales of ¥2.94 billion for the year ended March 2018. The transaction has been resolved by the Board of Directors of Hokko Chemical Industry at the meeting held on February 26, 2019. The transaction is expected to be completed by March 18, 2019.