Komehyo Co.,Ltd. (TSE:2780) agreed to acquire Shellman Co., Ltd. on November 16, 2018. After the transaction, Shellman Co., Ltd. will operate as a subsidiary of Komehyo Co., Ltd. Shellman reported sales of CNY 963 million for the period end on September 2017. Komehyo Co.,Ltd. (TSE:2780) completed the acquisition of Shellman Co., Ltd. in November 2018.