M.C.S. Steel Public Company Limited (SET:MCS) and an unknown individual agreed to acquire remaining 34% stake in M.C.S. Natsu Co., Ltd from Nasu Denki-Tekko Co., Ltd. (TSE:5922) on May 29, 2018. M.C.S. Steel Public Company Limited (SET:MCS) and an unknown individual will sign an agreement with Nasu Denki-Tekko Co., Ltd in September 2018. Under the terms, M.C.S. Steel Public Company Limited and an unknown individual will acquire 16 and 1 shares respectively in M.C.S. Natsu Co., Ltd. M.C.S. Natsu Co., Ltd reported total assets of ¥313 million and net liabilities of ¥51 million as of end of March 2018.

The transaction has been resolved by the Board of Directors of Nasu Denki-Tekko Co., Ltd. The transaction is expected to be completed in November 2018.