Taiheiyo Cement Corporation (TSE:5233) signed a share exchange agreement to acquire Tsuruga Cement Co., Ltd. on December 21, 2021. At the board of directors meeting held on December 21, 2021, with March 1, 2022 as the effective date, Taiheiyo Cement Corporation will become the wholly-owned parent company in the share exchange and Tsuruga Cement Co., Ltd., a consolidated subsidiary of Taiheiyo Cement Corporation, will become the wholly-owned subsidiary in the share exchange. Number of shares to be delivered through the Share Exchange 432,719 shares of the Taiheiyo Cement common stock.