GS Yuasa International Ltd. entered into share transfer agreement to acquire Sanken Densetsu Co., Ltd. from Sanken Electric Co., Ltd. (TSE:6707) for approximately ¥4.8 billion on August 4, 2020. Under the transaction, GS Yuasa International Ltd. will acquire 1,000 shares of Sanken Densetsu Co., Ltd. For the year ended March 31, 2019, Sanken Densetsu Co., Ltd. reported total assets of ¥1.1 billion, net assets of ¥90 million net sales of ¥3.6 billion, operating income of ¥79 million and net income of ¥50 million. The transaction shall be subject to the completion of review by Japan Fair Trade Commission. The Board of Directors of Sanken Electric Co., Ltd. approved the transaction. The transaction is expected to be completed on April 1, 2021. As of January 27, 2021, the transaction is expected to close on March 1, 2021. As of March 26, 2021, the transaction is expected to be completed by May 1, 2021. Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. and GCA Advisors, LLC acted as the financial advisor to Sanken Electric. GS Yuasa International Ltd. completed the acquisition of Sanken Densetsu Co., Ltd. from Sanken Electric Co., Ltd. (TSE:6707) on May 6, 2021. As a result of the transaction, the trading name of Sanken Densetsu Co., Ltd. has been changed to "GS Yuasa Infrastructure Systems Co., Ltd.".