Sanyo Trading Co., Ltd. (TSE:3176) agreed to acquire Global Trading Co.,Ltd. on November 6, 2020. As per terms, Sanyo Trading Co., Ltd. will acquire all 200 shares and upon completion will hold 100% stake. For the year ended June 30, 2020, Global Trading Co.,Ltd. reported total assets of ¥225 million, net assets of ¥120 million and total sales of ¥426 million. The transaction is expected to close on November 27, 2020.