Odelic Co., Ltd. (JASDAQ:6889) entered into share transfer agreement to acquire Yamada Shomei Lighting Co., Ltd. from Sangetsu Corporation (TSE:8130) for ¥380 million on April 5, 2019. Under the transaction, Odelic will acquire 9,520 shares of Taisei Juki. As a result of the transaction, Shomei Lighting Co., Ltd. will operate as a consolidated subsidiary of Odelic. The transaction was resolved by the Board of Directors of Odelic on April 5, 2019. Compensation and commissions for advisors and others were ¥1 million.

Odelic Co., Ltd. (JASDAQ:6889) completed the acquisition of Yamada Shomei Lighting Co., Ltd. from Sangetsu Corporation (TSE:8130) on April 5, 2019.