Zhong Bao Co., Ltd. signed an agreement to acquire Taiwan Amita Co., Ltd. from Amita Holdings Co.,Ltd. (JASDAQ:2195) for TWD 5 million on April 24, 2020. Taiwan Amita had revenues of ¥67 million (TWD 18.4 million), total assets of ¥39 million (TWD 10.7 million), net liabilities of ¥553 million (TWD 152.2 million), operating loss of ¥37 million (TWD 10.1 million), and net income of ¥32 million (TWD 8.8 million) in the period ending December 31, 2019. Transaction is expected to close in May 2020. Zhong Bao Co., Ltd. completed the acquisition of Taiwan Amita Co., Ltd. from Amita Holdings Co.,Ltd. (JASDAQ:2195) on June 11, 2020.