Hitachi Construction Machinery Co. Ltd. (TSE:6305) agreed to acquire 49% stake in Shintohoku Metal Co., Ltd. from Nippon Chuzo k. k. (TSE:5609) for ¥14.7 million on March 20, 2014. Hitachi Construction will acquire 147 shares of Shintohoku Metal Co.

at a price of ¥100000 per share. The transaction was resolved by Board of Directors of Nippon Chuzo on March 20, 2014. The transaction is expected to be completed on March 28, 2014.