Look Holdings Incorporated (TSE:8029) entered into an agreement to acquire remaining 20% stake in Laisse Passe Co.,Ltd. from Seiki Hariu on April 26, 2019. Under the agreement, Look Holdings Incorporated will issue 1 share for each 7.5 shares of Laisse Passe Co.,Ltd. Look Holdings Incorporated will issue 6000 shares. Post completion, Laisse Passe Co.,Ltd will become wholly owned subsidiary of Look Holdings Incorporated. For the period ended December 31, 2018, Laisse Passe Co.,Ltd has reported sales of ¥2.2 billion, operating loss of ¥281 million, ordinary loss of ¥265 million and net loss of 357 million. The Board of Directors has resolve to carry out the transaction. The shares will be issued after Look Holdings Incorporated shareholders approval in extraordinary general meeting to be held on May 10, 2019. Look Holdings Incorporated (TSE:8029) cancelled the acquisition of remaining 20% stake in Laisse Passe Co.,Ltd. from Seiki Hariu on April 26, 2020.