Yurtec Corporation (TSE:1934) agreed to acquire Air Conditioning Enterprise Co,.Ltd from group of shareholders on July 29, 2020. As part of the transaction, Yurtec Corporation acquires 776 shares in Air Conditioning Enterprise Co,.Ltd. Air Conditioning Enterprise Co,.Ltd will operate as a subsidiary of Yurtec Corporation. In the year ended July 31, 2019 Air Conditioning Enterprise Co,.Ltd reported total assets of ¥461 million, net worth of ¥126 million, sales of ¥1040 million, operating income of ¥80 million and net income of ¥35 million. Board of directors of Yurtec Corporation resolved the transaction. The planned stock transfer execution date is September 1, 2020.