Chino Corporation (TSE:6850) agreed to acquire additional 25% stake in Meiyo Electric Co.,Ltd. from Yasuko Sugino on March 10, 2020. Pre deal, Chino Corporation held 25% stake and post completion of the deal, it will hold 50% stake in Meiyo Electric. Post completion, Meiyo Electric will become a subsidiary of Chino Corporation. As of June 2019, Meiyo Electric reported net assets of ¥3.8 billion and total assets of ¥4.8 billion. The Board’s resolution date for Chino Corporation is March 10, 2020. The planned date of contract conclusion is March 11, 2020. The planned payment date is April 1, 2020.