CDG Co., Ltd. (JASDAQ:2487) entered into share exchange agreement to acquire Gold Bond Co., Ltd. from Takashi Ohira for ¥27.7 million in stock on September 10, 2013. CDG Co., Ltd. will issue 126 shares for each share of Gold Bond Co., Ltd. and will issue total of 0.03 million treasury shares for the acquisition. Following the completion of the deal, CDG Co., Ltd. will operate Gold Bond Co., Ltd. as its wholly owned subsidiary.

During the year ended February 2013, Gold Bond had net assets of ¥30 million, total assets of ¥42 million, sales of ¥136 million, operating profit of ¥8 million, ordinary profit of ¥12 million and net income of ¥9 million. The Board of Directors of CDG Co., Ltd. and Gold Bond Co., Ltd. passed a resolution for the transaction on September 10, 2013. The shareholders of Gold Bond Co., Ltd. approved the transaction on September 10, 2013.

The transaction is expected to close on October 1, 2013. Gyosei & Co. acted as third-party valuation institution to ensure fairness and validity of the share exchange ratio.