Kuriyama Holdings Corporation (TSE:3355) agreed to acquire 97.6% stake in Sun-A Corporation from Hiroshima Innovation Suishin Kiko Fund 1 and Hiroshima Innovation Suishin Kiko Fund 2 of Hiroshima Innovation Network Inc. for ¥ 1 billion on August 26, 2015. Kuriyama Holdings Corporation is acquiring 0.07 million shares of Sun-A. Hiroshima Innovation Fund I is selling 37.4% stake and Hiroshima Innovation Fund II is selling 60.2% stake in Sun-A Corporation. For the year ending March 31, 2015, Sun-A Corporation total assets of ¥1.57 billion, net assets of ¥965 million, revenue of CNY 223 million, operating loss of ¥659 million and net loss of ¥515 million. The transaction has been resolved by Board of Directors of Kuriyama Holdings Corporation. The contract is expected to be signed and the transaction is expected to be closed by August 31, 2015. An additional ¥6 million is estimated as advisory expenses.

Kuriyama Holdings Corporation (TSE:3355) completed the acquisition of 97.6% stake in Sun-A Corporation from Hiroshima Innovation Suishin Kiko Fund 1 and Hiroshima Innovation Suishin Kiko Fund 2 of Hiroshima Innovation Network Inc. on August 31, 2015. Also, a share transfer agreement was concluded on August 31, 2015.