Sunautas Co., Ltd. (JASDAQ:7623) agreed to acquire Keio University International Student Dormitory from PanaHome Corporation (TSE:1924) for ¥2 billion on September 27, 2016. An agreement will be signed on September 30, 2016. The transaction will be financed through funds on hand and loans of ¥1.9 billion. A resolution was passed by the Board of Directors of Sunautas. The transaction is expected to close on February 28, 2018. Sunautas Co., Ltd. (JASDAQ:7623) cancelled the acquisition of Keio University International Student Dormitory from PanaHome Corporation (TSE:1924) on January 26, 2018.