Konaka Co.,Ltd. (TSE:7494) agreed to acquire 31.3% stake in Samantha Thavasa Japan Limited (TSE:7829) from Kensuke Konaka on September 2, 2019. Konaka Co.,Ltd. (TSE:7494) entered into an agreement to acquire 31.3% stake in Samantha Thavasa Japan Limited (TSE:7829) from Kensuke Konaka on September 10, 2019. As per the transaction, Konaka Co.,Ltd. will acquire 11.05 million shares.

The Board of Directors of Konaka Co.,Ltd resolved to acquire the stake. The agreement is planned to be concluded by the end of September 2019 and completion is expected on September 30, 2019.