Japan Asia Group Limited (TSE:3751) agreed to acquire remaining 1.01% stake in KHC Ltd. from The San-in Godo Bank, Ltd. (TSE:8381) for ¥27.7 million in stock on February 12, 2016. Japan Asia Group will issue 14.6 shares per every share of KHC. Japan Asia Group will issue 55,480 shares for transfer in the share exchange.

As of March 2015, KHC Ltd. had net assets of ¥5.2 billion, total assets of ¥627.75 billion and sales of 845.72 million. The acquisition is expected to close on April 1, 2016. Accounting Works Co., Ltd. acted as third party appraiser for Japan Asia Group.