Danto Holdings Corporation (TSE:5337) signed a basic agreement to acquire Touchstone Capital Management Co., Ltd from Touchstone Holdings Co., Ltd. for ¥540 million on August 9, 2018. A total of 0.006 million shares will be acquired as part of the deal. Since Touchstone Holdings Co., Ltd. plans to acquire all shares of Touchstone Capital Management Co., Ltd from Kenedix, Inc., the shareholder of Touchstone Capital Management Co., Ltd at the time of the share transfer shall be Touchstone Holdings Co., Ltd. A contract is expected to be signed on August 21, 2018. Upon completion of the acquisition, Touchstone Capital Management Co., Ltd will operate as a wholly owned subsidiary of Danto Holdings. Touchstone Capital Management Co., Ltd reported net assets of ¥202 million, total assets of ¥219 million, sales of ¥412 million, operating loss of ¥10 million and net loss of ¥10 million as of December 31, 2017. Board of Danto Holdings Corporation resolved in favor of the deal on the same date. Deal is expected to close by August 31, 2018. Danto Holdings Corporation (TSE:5337) completed the acquisition of Touchstone Capital Management Co., Ltd from Touchstone Holdings Co., Ltd. on August 31, 2018.