Lion Corporation agreed to acquire 36% stake in Merap Holding Corporation Limited on January 16, 2023. The deal is expected to close in early March 2023. Hao Nguyen of Vietnam International Law Firm acted as legal advisor to the sellers of Merap Holding Corporation Limited.

Mitsuhiro Harada, Taro Hirosawa, Isamu Imaizumi and Ha Hoang Loc of Nishimura & Asahi acted as legal advisor to Lion Corporation (TSE:4912).