Sangetsu Corporation (TSE:8130) agreed to acquire the remaining 30% stake in Goodrich Global Pte Ltd from Chan Chong Beng for SGD 12.5 million on January 1, 2021. Under the terms of transaction, Sangetsu Corporation will acquire 3.1 million shares. Upon completion of the transaction, Goodrich Global Pte Ltd will become wholly owned subsidiary of Sangetsu Corporation. The deal is expected to be completed by January 15, 2021. The additional acquisition of the Shares will eliminate the non-controlling interests of the Target Subsidiaries in the consolidated financial statements, and net income will be 100% attributable to the Company, but it will be included in the consolidated financial results for the fiscal year ending March 2021. We judge that the impact will be minor.