Merry Electronics Co., Ltd. agreed to acquire MWT Holdings CO., Ltd from J-Star No. 3 Investment Limited Partnership, J-Star No.3 Jf, LP, J-Star No.3 Jc, LP, J-Star No.3 Gf, LP, J-STAR LLP 2016 managed by J-STAR Co., Ltd. for ¥10.3 billion.

Merry Electronics Co., Ltd. (TWSE:2439) agreed to acquire MWT Holdings CO., Ltd from J-Star No. 3 Investment Limited Partnership, J-Star No.3 Jf, LP, J-Star No.3 Jc, LP, J-Star No.3 Gf, LP, J-STAR LLP 2016 managed by J-STAR Co., Ltd. for ¥10.3 billion on March 17, 2025. A cash consideration of ¥10.28 billion will be paid by Merry Electronics Co., Ltd. As part of consideration, ¥10.28 billion is paid towards common equity of MWT Holdings CO., Ltd.

The transaction is subject to approval by regulatory board / committee and approval of offer by acquirer board.

Barclays acted as the financial advisor to J-STAR Co., Ltd.