ZIGExN Co., Ltd. (TSE:3679) signed a contract to acquire Tradecarview business from Carview Corporation on October 31, 2018. As per terms, Carview Corporation will split its Tradecarview business and establish a new subsidiary, tradecarview Co., Ltd., on December 4, 2018. Post-closing, Tradecarview business (planned 10 shares of tradecarview Co., Ltd., representing 100% stake) will be held by ZIGExN. ZIGExN plan to finance the acquisition with available cash deposit and there is no plan of new borrowing or equity finance related to this case. For the fiscal year ended March 2018, Tradecarview business reported sales of ¥758 million and operating income of ¥47 million. The transaction has been resolved by the Board of Directors of ZIGExN Co., Ltd at the meeting held on October 31, 2018. The transaction is expected to be completed by December 4, 2018.