A.C HOLDINGS Co.,Ltd. (JASDAQ:1783) agreed to acquire 99% stake in Hakoneyama Shoen GK from Dynamic View International Limited for ¥1.4 billion on February 7, 2014. A.C HOLDINGS Co.,Ltd. is acquiring 99 shares of Hakoneyama Shoen GK and paying ¥400 million and also acquiring debt for ¥1 billion. For the period ending July 2013, Hakoneyama Shoen GK reported total assets of ¥1.04 billion, net assets were nil, sales of ¥35 million, operating profit of ¥32 million and net profit of ¥20 million.

The transaction has been resolved by Board of Directors of A.C HOLDINGS Co.,Ltd. and the contract is expected to be signed on February 14, 2014. The transaction is expected to be closed by February 14, 2014.