Gunjo Y.K. agreed to acquire an additional 11.15% stake in Kan-Nanmaru Corporation (JASDAQ:7585) on December 6, 2013. Gunjo Y.K. is acquiring 0.4 million shares of Kan-Nanmaru Corporation representing 11.15% and post transaction will hold 25.05% stake. The transaction is expected close by December 9, 2013.

Gunjo Y.K. completed the acquisition of an additional 11.15% stake in Kan-Nanmaru Corporation (JASDAQ:7585) for approximately ¥620 million on December 9, 2013. Gunjo Y.K. is paying ¥1450 per share.