Nakamoto Packs Co.,Ltd. (TSE:7811) entered into a share exchange agreement to acquire 50.58% stake in MICS Chemical Co., Ltd. (TSE:7899) for ¥1.2 billion on October 17, 2023. Under the terms, Nakamoto Packs shall issue 0.28 shares for each share of MICS Chemical. Nakamoto Packs will issue a total of 0.75 million shares. An independent special committee was established for the transaction. Board of Directors of Nakamoto Packs and MICS approved the transaction. The transaction is subject to approval of shareholders of MICS Chemical Co., Ltd. The transaction is expected to complete on February 1, 2024. Nomura Securities Co., Ltd. acted as financial advisor while Oe Tanaka & Oya Law Office acted as legal advisor for Nakamoto Packs. SMBC Nikko Securities Inc. acted as financial advisor while Nishimura & Asahi acted as legal advisor for MICS Chemical.

Nakamoto Packs Co.,Ltd. (TSE:7811) completed the acquisition of 50.58% stake in MICS Chemical Co., Ltd. (TSE:7899) on January 30, 2024.