Datasection Inc. (TSE:3905) agreed to acquire 62.50% stake in MSS Co., Ltd. from VLC Holdings Co., Ltd. (NSE:2467) for ¥810 million on June 3, 2024. The consideration consists of 0.52 million common equity of Datasection Inc. at a ratio of 4120 per common equity of MSS Co., Ltd. As part of consideration, an undisclosed value is paid towards common equity of MSS Co., Ltd.

The transaction is subject to approval of offer by shareholders of VLC Holdings Co., Ltd. The expected completion of the transaction is June 28, 2024.