Ricoh Leasing Company, Ltd. (TSE:8566) entered into a share transfer agreement to acquire a 98.3% stake in Enplus Inc. from Leopalace21 Corporation (TSE:8848) on November 27, 2020. As a part of transaction, Ricoh Leasing Company will acquire 6,960 shares in Enplus Inc. Post transaction, Leopalace21 Corporation will not hold any stake in Enplus Inc. As of March 8, 2021, Leopalace21 has agreed to waived off portion of the loan to Enplus. The loan amount to be waived off is JPY 325 million.

Transaction is expected to close on November 30, 2020.