N&K Co., Ltd. agreed to acquire 25.88% stake in Tea Life Co., Ltd. (JASDAQ:3172) from Nobuji Ueda on December 6, 2013. Nobuji Ueda, Representative Director and President of Tea Life Co., Ltd. will sell 1.1 million shares and will reduce his holding to 0.56 million shares. The transaction is expected to close on December 9, 2013.