Hotoku Construction Co. Ltd. entered into a share transfer agreement to acquire Sunyda Co Ltd. from Small and medium sized Enterprises Holdings,Inc. (TSE:1757) for ¥0.99 million on April 21, 2022. Hotoku Construction Co. Ltd. will acquire 0.992 million shares of Sunyda Co Ltd. at ¥1 per share. The Board of Directors of Small and medium sized Enterprises Holdings,Inc. has resolved the deal on April 21, 2022. The deal is expected to close on May 16, 2022. The transfer is expected to result in an extraordinary loss for Small and medium sized Enterprises Holdings,Inc.