Zuiko Corporation (TSE:6279) entered into a basic agreement to acquire 90% stake in Delta SRL Unipersonale from Angelo Ghidelli for ?3.1 million on February 26, 2024. As on May 8, 2024, signed an Sale and Purchase Agreement to acquire 90% stake in Delta. ZUIKO The consideration of ?3.1 million consists of transfer of quotas of ?0.8 million, the third-party allotment of quotas worth ?2.3 million and advisory fee of ?0.2 million.

For the financial year ending 2022, Delta SRL reported a net assets of ?1.4 million, total assets of ?9.6 million, net sales of ?10.6 million, operating income of ?0.02 million and net income of ?0.02 million. Date of implementing the quota transfer and capital contribution will be in May, 2024.