AG No. 2 Investment Limited Partnership and AG II-b Investment Limited Partnership managed by Aspirant Group, Inc. and Daiwa PI Partners Co. Ltd. entered into an agreement to acquire UACJ Copper Tube Corporation from UACJ Corporation (TSE:5741) for ¥24 billion on June 19, 2019. The transfer price of ¥24 billion includes the price for transfer of shares, intellectual property rights and loans. Amount of loans is estimated as of end of September 2019, and the actual transfer will be conducted at the amount as of closing date of the transaction. UACJ Copper Tube will start operating its business towards further growth under a new company name as of October 1, 2019. For the year ending March 31, 2019, UACJ Copper Tube Corporation reported net assets of ¥9.052 billion, total assets of ¥36.65 billion, sales of ¥45.28 billion, operating income of ¥1.616 billion and net income of ¥1.024 billion. Post acquisition, current management and employees will be maintained and majority of Directors will be additionally appointed from Aspirant Group and Daiwa PI Partners. The transaction was resolved in the extraordinary Board of Directors meeting of UACJ Corporation held on June 19, 2019. The transaction is expected to complete on September 30, 2019. Daiwa Securities Group Inc. acted as a financial advisor to Aspirant Group, Inc. and Daiwa PI Partners co. Ltd. AG No. 2 Investment Limited Partnership and AG II-b Investment Limited Partnership managed by Aspirant Group, Inc. and Daiwa PI Partners Co. Ltd. completed the acquisition of UACJ Copper Tube Corporation from UACJ Corporation (TSE:5741) in October 2019.