Ruden Holdings Co., Ltd. (JASDAQ:1400) signed a contract to acquire 54.5% stake in P2P BANK Co., Ltd. from Tokyo Security Co., Ltd. and T.R.K LLC on May 26, 2017. Ruden Holdings will acquire 0.06 million shares of P2P BANK. Post completion, P2P BANK will operate as a subsidiary of Ruden Holdings. During the period ended January 2017, P2P BANK reported net liabilities of ¥107 million, total assets of ¥6 million, sales of ¥24 million, operating loss of ¥2 million and net loss of ¥122 million. The transaction is expected to close on May 29, 2017. Ruden Holdings Co., Ltd. (JASDAQ:1400) cancelled the acquisition of 54.5% stake in P2P BANK Co., Ltd. from Tokyo Security Co., Ltd. and T.R.K LLC on May 26, 2018.