Sobal Corporation (JASDAQ:2186) signed a basic agreement to acquire service and solution related business from Ubiquitous Corporation (JASDAQ:3858) for ¥1 on March 23, 2017. Sobal Corporation passed the resolution for the transaction on March 23, 2017. The conclusion of the business transfer contract is late March 2017 and business transfer date is April 2017.

The business transfer contract was signed on March 23, 2017. The transaction is expected to close on April 1, 2017.