Accrete Inc. (TSE:4395) agreed to acquire 51% stake in Vietguys Jsc from Pham Duy Anh, Do Sang Minh and Phan Thanh Long for approximately ¥400 million on August 19, 2021. As per terms of transaction, Pham Duy Anh will sell 0.36363 million shares representing 18.18% stake, Do Sang Minh will sell 0.36363 million shares representing 18.18% stake and Phan Thanh Long will sell 0. 29274 million shares representing 14.64% stake. As of December 31, 2020, reported Vietguys Jsc Net assets of ¥179 million, Total assets of ¥399 million, Sales of ¥1,245 million, Operating income of ¥31 million and Net income of ¥30 million. Share purchase agreement will be signed on August 20, 2021. The transaction is expected to complete on October 20, 2021. As of February 4, 2022, The completion of transaction has been changed to around the end of March 2022 from October 20, 2021 and make VIETGUYS J.S.C subsidiary of Accrete Inc. (TSE:4395) based on practical procedures.

Accrete Inc. (TSE:4395) completed the acquisition of a 51% stake in Vietguys Jsc from Pham Duy Anh, Do Sang Minh and Phan Thanh Long on April 8, 2022.