VALUE GOLF Inc. (TSE:3931) signed a basic agreement to acquire Sankei Travel Co., Ltd. from Minoru Kaneko on June 14, 2018. As on July 25, 2018, parities have signed share transfer contract. Post completion, Sankei Travel Co., Ltd. will operate as a wholly owned subsidiary of VALUE GOLF Inc. For the year ending December 2017, VALUE GOLF Inc. reported net assets of ¥123.16 million, total assets of ¥179.24 million, sales of ¥188.19 million, operating loss of ¥18.93 million and net loss of ¥8.58 million. The Board of Directors of VALUE GOLF Inc. passed a resolution for the deal on June 14, 2018. The tentative share transfer contract date is July 16, 2018. The tentative conclusion of the share transfer contract is July 16, 2018. The tentative share transfer date is August 1, 2018. VALUE GOLF Inc. (TSE:3931) cancelled the acquisition of Sankei Travel Co., Ltd. from Minoru Kaneko on June 14, 2019.