Vitamin life Co., Ltd. entered into a share transfer contract to acquire direct marketing business from Wellco Corporation (TSE:7831) for ¥2.8 billion on March 21, 2012. Vitamin life Co., Ltd. is acquiring 1000 shares of Natural Garden Co., Ltd. representing 100% stake. As part of the transaction, this share transfer includes share transfer of subsidiaries of a newly established company, Natural Garden Co., Ltd., Ing Corporation, Home Direct Co., Ltd. as well as Greent Os Co., Ltd.

The transaction has been resolved by Board of Directors of Wellco Corporation. The transaction is subject to approval during the extraordinary shareholders' meeting which will be held on April 27, 2012. Wellco Corporation approved the share transfer contract during the Board of Directors meeting. The transaction is expected to close by May 1, 2012. Grant Thornton Taiyo ASG Tax Corporation acted as accountant to Wellco Corporation.

Vitamin life Co., Ltd. cancelled the acquisition of direct marketing business from Wellco Corporation (TSE:7831) on March 21, 2013.