NTT Plala Inc. plans to conclude an agreement to acquire 2.75% stake in IG Port, Inc. (JASDAQ:3791) from Mitsuhisa Ishikawa for approximately ¥310 million on May 7, 2018. Under the terms of transaction, NTT Plala Inc. will acquire 0.13 million shares of IG Port at ¥2344 each. In a related transaction, NTT Plala Inc. will acquire 0.12 million shares in a private placement transaction. Upon completion of both the transaction, NTT Plala Inc. will hold 0.25 million shares in IG Port, Inc. The transaction is expected to be completed by May 23, 2018.