City Index Eleventh Co., Ltd. agreed to acquire Excel Co.,Ltd. (TSE:7591) for ¥13.9 billion on December 9, 2019. City Index Eleventh Co., Ltd. will acquire 8.6 million shares at a cash price of ¥1,610 per share. The transaction is subject to approval from shareholders of Excel Co.,Ltd. in the extraordinary shareholders meeting which will be held on February 14, 2020. On February 14, 2020, In the extraordinary general meetings of shareholders of Excel Co.,Ltd. the transaction has been approved. The delisting date of Excel Co.,Ltd. has been decided as March 30, 2020. The transaction is expected to be completed on April 1, 2020. City Index Eleventh Co., Ltd. completed the acquisition of Excel Co.,Ltd. (TSE:7591) on March 30, 2020. Excel Co.,Ltd. has been delisted as of March 30, 2020 and has become a wholly owned subsidiary of City Index Eleventh Co., Ltd.