Cybertouch-Tech Co., Ltd. intend to acquire an additional 2.2% stake in Dds Inc (TSE:3782) for ¥28.5 million on November 15, 2012. As on December 27, 2012, Cybertouch-Tech Co., Ltd. entered into a share purchase agreement to acquire an additional 2.2% stake in Dds Inc (TSE:3782). As per the terms of the agreement, Cybertouch-Tech will acquire additional 7,000 shares of Dds Inc. The transaction will be funded by internally generated cashflows. Upon completion of the deal, Cybertouch-Tech will increase its holdings from 22.88% to 25.12% stake of Dds Inc. The deal is conditional upon the representations and warranties remaining true and correct at the closing date and no applicable law is in effect that prevents the consummation of the transaction. The transaction is expected to close by January 11, 2013.

Cybertouch-Tech Co., Ltd. completed the acquisition of additional 2.2% stake in Dds Inc (TSE:3782) in January 2013.