Nihon Housing Co.,Ltd. (TSE:4781) agreed to acquire remaining 20% stake in Pan Pacific Services Company Limited/Pan Pacific Company Limited from The PAN Group Joint Stock Company (HOSE:PAN) on June 28, 2018. As for the acquisition price, it is not disclosed per discussion with the seller however, it is being calculated according to the method already agreed upon in the capital transfer agreement which was concluded on September 18, 2015. Under the transaction, The PAN Group Joint Stock Company acquires 20% stake in Pan Pacific Services Company Limited and Pan Pacific Company Limited respectively. Post transfer, Pan Pacific Services Company Limited and Pan Pacific Company Limited will become wholly owned subsidiaries of The PAN Group Joint Stock Company. The transaction is expected to be completed by July 2018.

Nihon Housing Co.,Ltd. (TSE:4781) completed the acquisition of remaining 20% stake in Pan Pacific Services Company Limited/Pan Pacific Company Limited from The PAN Group Joint Stock Company (HOSE:PAN) on December 31, 2018.