infoNet inc. (TSE:4444) entered into a share transfer agreement to acquire IACTCorporation from Hakuten Corporation (JASDAQ:2173) for approximately ¥640 million on April 15, 2021. infoNet inc. will acquire 5880 shares of IACTCorporation. After the transaction, IACTCorporation will operate as a subsidiary of infoNet inc. The Board of Directors of infoNet inc. passed a resolution for the transaction on April 15, 2021. The transaction is expected to be completed on April 30, 2021.

infoNet inc. (TSE:4444) completed the acquisition of IACTCorporation from Hakuten Corporation (JASDAQ:2173) on April 30, 2021.