Geo Holdings, L.P. and Green Holdings, L.P. agreed to acquire 100% of stake in Kokusai Kogyo Co., Ltd. and 65% of stake in JAG Energy Co., Ltd. from Japan Asia Group Limited (TSE:3751) on August 2, 2021. Geo Holdings, L.P. agreed to acquire 38,157,103 shares from Kokusai Kogyo for ¥23,427 million. Green Holdings, L.P. agreed to acquire 1,950 shares from JAG Energy for 22425 million. Kokusai Kogyo and JAG Energy combinedly have a sales of ¥46,734 million, Total assets of ¥69,166 million, EBIT of ¥2,264 million, Net income of ¥1,518 million and Total Common Equity of ¥31,300 million in March, 2021. The deal has been approved by the Board of Japan Asia Group and subject to approval of shareholders of the same.