Shinmei Co., Ltd. agreed to acquire an additional 23.03% stake in Kappa Create Holdings Co., Ltd. (TSE:7421) from Gem Enterprise Co., Ltd. for ¥8.3 billion on October 31, 2013. Shinmei Co., Ltd. will acquire 4.6 million shares at the price of ¥1,829 per share and will increase its holding to 5.4 million shares. Gem Enterprise Co., Ltd. will sell its entire stake in the transaction. The application period date is November 28, 2013. Board of Directors of Kappa Create Holdings Co., Ltd. unanimously approved the transaction. The transaction is expected to close on November 29, 2013.

Shinmei Co., Ltd. completed the acquisition of an additional 23.03% stake in Kappa Create Holdings Co., Ltd. (TSE:7421) from Gem Enterprise Co., Ltd. on November 29, 2013.