Mystar Engineering Corp. (TSE:4695) signed a contract to acquire Echo Bousai Co., Ltd. from Masashi Kumasaka and 4 others on October 12, 2018. Under the terms of the contract, 0.06 million shares will be acquired. Masashi Kumasaka will sell 33.66% and and 4 others will sell 66.34% stake. Upon completion, Echo Bousai Co., Ltd. will become subsidiary of Mystar Engineering Corp. The transaction is expected to complete on October 23, 2018. Mystar Engineering Corp. (TSE:4695) completed the acquisition of Echo Bousai Co., Ltd. from Masashi Kumasaka and 4 others on October 23, 2018.