Mitsui O.S.K. Lines, Ltd. (TSE:9104), Toho Gas Co., Ltd. (TSE:9533) and Hokuriku Electric Power Company (TSE:9505) agreed to acquire a 25% stake in Formosa 1 International Investment Co., Ltd. from Macquarie Corporate Holdings Pty Limited on March 4, 2022. Mitsui O.S.K. Lines, Ltd. (TSE:9104), Toho Gas Co., Ltd. (TSE:9533) and Hokuriku Electric Power Company (TSE:9505) has formed a special purpose company (SPC) and will own 37.5%, 37.5% and 25.0% of the shares respectively. The transaction is expected to complete after all the necessary procedures including approvals from the Taiwanese authorities.