Noritz Corporation (TSE:5943) agreed to acquire 44% stake in Viet Nam Australia Refrigeration Electrical Engineering Group Joint Stock Company on February 13, 2020. The transaction is resolved by the Board of Directors of Noritz Corporation. The transaction is expected to close in July 2020. The impact of the acquisition on the company's consolidated business results for the fiscal year ending December 2020 is immaterial. GCA Advisory Corporation acted as financial advisor to Noritz Corporation in transaction.