Crestec Inc. (JASDAQ:7812) signed a basic agreement to acquire Ohno Printing co.,Ltd. from Shinya Ono for ¥50 million on March 15, 2017. As on June 1, 2017, Crestec Inc. signed a share exchange agreement to acquire Ohno Printing. Under the terms of transaction, Crestec Inc. will issue 9,500 shares each for one share of Ohno Printing and will issue 0.04 million new shares. As per new amendment terms, Crestec Inc. will issue 7,575 shares each for one share of Ohno Printing and will issue 0.03 million new shares. Ohno Printing had total assets of ¥1.03 billion, net assets of ¥45 million, revenue of ¥813 million and EBIT of ¥4 million as on October 31, 2016. The transaction is expected to be approved by the shareholders of Ohno Printing in early June 2017. The share exchange contract is expected to be signed by June 1, 2017. The transaction is expected to complete on July 1, 2017.