KDDI Corporation (TSE:9433) signed a contract to acquire 12.4% stake in Ecomott Inc. (TSE:3987) from Sinanen-Shoji, Inc. and Takuya Irisawa for approximately ¥610 million on January 15, 2019. The offer per share is ¥1,092. The deal value will be paid on January 31, 2019. Under the terms of the deal, Sinanen-Shoji, Inc. will sell 0.46 million shares and Takuya Irisaw will sell 0.1 million shares of Ecomott Inc. In a related deal, Ecomott Inc. announced a private placement of 500,000 common shares at an issue price of ¥1,263 per share on January 15, 2019. The Board of Directors of Ecomott Inc. passed a resolution for the deal on January 15, 2019. The share acquisition date is January 31, 2019. DC Advisory acted as financial advisor to KDDI.

KDDI Corporation (TSE:9433) completed the acquisition of 12.4% stake in Ecomott Inc. (TSE:3987) from Sinanen-Shoji, Inc. and Takuya Irisawa in January 2019.