United Electronics Company (SASE:4003) signed a memorandum of understanding to acquire 51% stake in Mohammad Yousuf Sager & Co. on June 8, 2015. The transaction is subject to a nine-month exclusivity period starting June 8, 2015, and signing by all parties of the final contracts for the transaction will take place within that period. The transaction is expected to complete by March 2016. United Electronics Company (SASE:4003) cancelled the acquisition of 51% stake in Mohammad Yousuf Sager & Co. on June 8, 2016.