NSD Co., Ltd. (TSE:9759) signed an agreement to acquire 21.3% stake in Pro-Ship Incorporated (TSE:3763) from Katsuyoshi Suzuki on October 30, 2017. A per terms, 1.58 million shares will be acquired in cash. Post completion, Katsuyoshi Suzuki will hold 16.3% stake in Pro-Ship Incorporated.

Pro-Ship Incorporated will be an affiliated company of NSD Co., Ltd. NSD Co., Ltd. and Pro-Ship Incorporated have agreed to submit a proposal to elect a director who will be nominated by NSD Co., Ltd. The Board of Directors of NSD Co., Ltd. resolved the deal on October 30, 2017. The deal is expected to close on November 7, 2017.