Asia Development Capital Co. Ltd. (TSE:9318) concluded a merger agreement to acquire remaining 19.78% stake in China Commerce Co., Ltd. from individual shareholders and others for ¥0.01 million on June 27, 2018. Asia Development Capital Co. Ltd. will pay ¥1 per share. Asia Development Capital Co. Ltd. will make the payment on July 31, 2018. Prior to the transaction, Asia Development Capital Co. Ltd. held 80.22% stake in China Commerce Co., Ltd. After the transaction, Asia Development Capital Co. Ltd. will be the surviving entity and China Commerce Co., Ltd. will be dissolved. China Commerce Co., Ltd. reported net liabilities of ¥59 million and total assets of ¥58.02 million as at March 31, 2018. The Board of Directors of Asia Development Capital Co. Ltd. passed a resolution for the transaction on June 27, 2018. The resolution date of shareholders meeting of China Commerce Co., Ltd. was June 27, 2018. The transaction is expected to be completed on July 31, 2018. Asia Development Capital Co. Ltd. (TSE:9318) cancelled the acquisition of remaining 19.78% stake in China Commerce Co., Ltd. from individual shareholders and others on June 27, 2019.