City Index Eleventh Co., Ltd. made an offer to acquire remaining 79.5% stake in Japan Asia Group Limited (TSE:3751) for ¥17.9 billion on January 14, 2021. City Index Eleventh Co., Ltd. made the offer to acquire shares at ¥840 per share. As of February 4, 2021, City Index Eleventh Co., Ltd revised its offer price to ¥1,210 per share. City Index Eleventh Co., Ltd. will acquire remaining 21.833 million shares for ¥26.4 billion. Tender offer period will commence from February 5, 2021 to March 22, 2021. As at the meeting held on February 10, 2021, the Board of Directors of Japan Asia Group Limited resolved to withhold the expression of opinions regarding the Tender Offer at this time. Mita Securities Co., Ltd. and Monex Securities Co., Ltd. acted as tender offer agent in the transaction. City Index Eleventh Co., Ltd. cancelled the acquisition of remaining 79.5% stake in Japan Asia Group Limited (TSE:3751) on February 19, 2021. At the Board of Directors meeting held on February 19, 2021, Japan Asia Group Limited resolved to express opposition to the Tender Offer.