Royal Contract Service Co., Ltd agreed to acquire remaining 97% stake in Centresta Co.,Ltd. from Royal Holdings Co., Ltd. (TSE:8179) on August 27, 2015. Under the terms of the transaction, Royal Contract Service Co., Ltd. will allocate 0.1401 shares for every share of Centresta Co., Ltd. After completion of the transaction, Royal Holdings will hold 92.9% stake and Sumitomo Corporation will hold 7.1% stake in Royal Contract Service Co., Ltd. A merger contract is expected to be concluded on November 10, 2015. The transaction is subject to approval of shareholding commission of Royal Holdings Co., Ltd. The Board of Royal Holdings Co., Ltd passed a resolution for the transaction on August 27, 2015. The transaction is expected to complete on January 1, 2016.

Royal Contract Service Co., Ltd agreed to acquire remaining 97% stake in Centresta Co.,Ltd. from Royal Holdings Co., Ltd. (TSE:8179) in January 2016. Centresta Co.,Ltd. was merged and absorbed into Royal Contract Service Co., Ltd on completion.