Maruha Nichiro Corporation (TSE:1333) agreed to acquire 57.93% stake in Sai Gon Food Joint Stock Company on November 30, 2020. Maruha Nichiro Corporation (TSE:1333) signed a share transfer agreement to acquire 57.93% stake in Sai Gon Food Joint Stock Company on December 1, 2020. Under the terms of the transaction, Maruha Nichiro Corporation will acquire 11.56 million shares of Sai Gon Food Joint Stock Company. The Board of Directors of Maruha Nichiro Corporation approved the transaction on November 30, 2020. The transaction is tentatively expected to close in the end of January, 2021. The impact of the transaction is expected to be minimal on the business performance and financial position of Maruha Nichiro Corporation. Maruha Nichiro Corporation (TSE:1333) completed the acquisition of 57.93% stake in Sai Gon Food Joint Stock Company on January 13, 2021.