Pixel Companyz Inc. (JASDAQ:2743) concluded a contract to acquire remaining 49.01% in LT Game Japan, Inc. from Lt Game Limited, Juichi Kimura and Quan Junze for approximately ¥570 million on December 9, 2016. The consideration comprises issuance of 1 million shares of Pixel Companyz Inc. at the exchange ratio of 448.4. Under the terms, 0.002 million shares of LT Game Japan, Inc. will be acquired at ¥0.3 million per share. The sellers will sell 5.05%, 35.16% and 8.79% stake respectively. Post completion, LT Game Japan, Inc. will operate as a wholly owned subsidiary of Pixel Companyz Inc. For the year ended December 31, 2015, LT Game Japan, Inc. reported net assets of ¥1.5 billion, total assets of ¥5.3 billion, sales of ¥15.9 billion and operating profit of ¥45 million. The Board of Pixel Companyz Inc. approved and resolved the deal on December 9, 2016. The deal is expected to close on December 30, 2016. Minami Aoyama FAS Co., Ltd. acted as third party appraiser in the deal.