Misawa Homes Co., Ltd. (TSE:1722) agreed to acquire 14.03% stake in Daisue Construction Co., Ltd. (TSE:1814) from Daito Trust Construction Co. Ltd. (TSE:1878) and others shareholders on May 8, 2018. Under the terms, Daito Trust Construction Co. Ltd will sell 1.01 million shares of Daisue Construction Co., Ltd. The Board of Directors of Misawa resolved in favor of the deal. Deal is expected to close by May 25, 2018.

Misawa Homes Co., Ltd. (TSE:1722) cancelled the acquisition of 14.03% stake in Daisue Construction Co., Ltd. (TSE:1814) from Daito Trust Construction Co. Ltd. (TSE:1878) and others shareholders on May 8, 2019.