LEC, Inc. (TSE:7874) agreed to acquire Varsan Business of Lion Corporation on August 3, 2018. Ina related transaction, LEC, Inc. (TSE:7874) signed an agreement to acquire Lion Packaging Co., Ltd from Lion Corporation on August 3, 2018. The acquisition value of the transaction is ¥1.4 billion for share and business acquisition. The transaction has been resolved by the Board of LEC, Inc. The transaction is expected to be completed on December 28, 2018.

LEC, Inc. (TSE:7874) cancelled the acquisition of Varsan Business of Lion Corporation on August 3, 2019.