Hokuko Chemical Industry Co., Ltd signed a basic agreement to acquire Benzofenapa and Bensfuresate Active Ingredients and Containing Agents Business from OAT Agrio Co., Ltd. (TSE:4979) on August 13, 2021. The consideration shall be paid in cash. The transfer agreement is planned to be signed by the end of September 2021. The transaction does not require a resolution at the shareholders meeting. The transaction is expected to close in end of September 2021. Hokuko Chemical Industry Co., Ltd completed the acquisition of Benzofenapa and Bensfuresate Active Ingredients and Containing Agents Business from OAT Agrio Co., Ltd. (TSE:4979) on October 29, 2021.