Shinsho Corporation (TSE:8075) agreed to acquire 30% stake in Kobelco Tsutsunaka Trading Co., Ltd. from an unknown seller on February 1, 2019. As per the terms of the acquisition, Shinsho will additionally acquire 300 shares of Kobelco Tsutsunaka and merge it with Nakayama Corporation on July 1, 2019. The transaction is expected to be completed by May 7, 2019. Shinsho Corporation (TSE:8075) cancelled the acquisition of 30% stake in Kobelco Tsutsunaka Trading Co., Ltd. from an unknown seller on February 1, 2020.