Ishigaki Foods Co.,Ltd. (JASDAQ:2901) agreed to acquire 51% stake in M&Operation Co., Ltd. from Hiroshi Sakurai for ¥25.5 million on December 26, 2018. A total of 153 shares will be acquired as part of the deal. A contract is expected to be signed by December 27, 2018. Upon completion of the acquisition, M&Operation Co., Ltd. will operate as a wholly owned subsidiary of Ishigaki Foods Co.,Ltd. Board of Ishigaki Foods Co.,Ltd. resolved in favor of the deal on the same date. Deal is expected to close by January 17, 2019. Ishigaki Foods Co.,Ltd. (JASDAQ:2901) completed the acquisition of 51% stake in M&Operation Co., Ltd. from Hiroshi Sakurai on January 17, 2019.