Shinko Plantech Co., Ltd. (TSE:6379) entered into an agreement to acquire Kounan Tsusho Co., Ltd. from Nittan Valve Co., Ltd. (TSE:6493) on November 6, 2017. Under the terms of the transaction, Shinko Plantech Co., Ltd. will acquire 0.14 million shares. For the year ended March 2017, Kounan Tsusho Co. reported sales of ¥466 million. The Board of Directors of Shinko Plantech Co., Ltd. resolved the transaction. The transaction is expected to close on November 7, 2017.

Shinko Plantech Co., Ltd. (TSE:6379) completed the acquisition of Kounan Tsusho Co., Ltd. from Nittan Valve Co., Ltd. (TSE:6493) during year ended March 31, 2018.