Tokyo Century Corporation (TSE:8439) entered into a definitive agreement to acquire a minority stake in Advantage Partners (H.K.) Limited on October 8, 2019. Tokyo Century will acquire both existing and new shares of Advantage Partners (H.K.) Limited which will represent 14.9% of the outstanding common shares of Advantage Partners (H.K.) Limited. After closing, Advantage Partners (H.K.) Limited will continue to operate independently with majority ownership retained by its founder group and employees. As part of this relationship, Tokyo Century will be granted one seat on Advantage Partners (H.K.) Limited’s board of directors. The transaction is subject to obtaining necessary regulatory approvals including the approval required by the Securities & Futures Commission in Hong Kong. The transaction is expected to close during January 2020. The transaction will have no significant impact on Tokyo Century’s consolidated performance for the fiscal year ending March 31, 2020. Tokyo Century Corporation (TSE:8439) cancelled the acquisition of Advantage Partners (H.K.) Limited October 8, 2020.