The Shibusawa Warehouse Co., Ltd. (TSE:9304) concluded a share transfer contract to acquire 35.1% stake in Vinafco Joint Stock Corporation on October 1, 2014. Shibusawa Warehouse will acquire 11.86 million shares of Vinafco. Vinafco had sales of ¥4 billion for last twelve months.

The shareholders of Vinafco and local relevant authorities have approved the transaction. The transaction is expected to be completed by November 10, 2014. GCA Corporation (TSE:2174) acted as financial advisor for Shibusawa Warehouse.

Vietnam International Law Firm, Venture North Law Limited and Mori Hamada & Matsumoto Law acted as legal advisors for Shibusawa Warehouse.