Fukuoka Sonoriku, K.K. agreed to acquire Taniyama Siam Co.,Ltd. from JALUX Inc. (TSE:2729) and JALUX ASIA Ltd. on December 23, 2019. An agreement is expected to be signed on December 25, 2019. Fukuoka Sonoriku, K.K. will acquire 2.06 million shares wherein JALUX Inc. will sell 43.15% and JALUX ASIA Ltd. will sell 53.85%. For the year ended December 31, 2018, Taniyama Siam Co.,Ltd. reported revenues of THB 199 million, total assets of THB 67 million, operating profit of THB 49 million, net loss of THB 17 million and net assets of THB 73 million. The Board of Directors of JALUX Inc. resolved the transaction on December 23, 2019. The deal is expected to close on March 16, 2020.