CTJ Holdings2 LLC entered into share sale and purchase agreement to acquire 42.25% stake in Furukawa Metal (Thailand) Public Company Limited (SET:FMT) from Furukawa Electric Co., Ltd. (TSE:5801) for approximately ¥730 million on September 27, 2019. CTJ Holdings2 LLC will acquire 20.28 million shares at a price of ¥35.9 per share. Upon completion, CTJ Holdings2 LLC will hold 42.25% stake whereas, Furukawa Electric Co., Ltd. will not own anything in Furukawa Metal (Thailand) Public Company Limited. The transaction is subject to regulatory approval. On February 13, 2020, The Investment Transactions were approved from the Japan Fair Trade Commission or competent anti-competition authorities of other countries. The transaction is expected to be completed on March 2, 2020. As of February 20, 2020, the transaction is expected to get closed on April 1, 2020. As of March 31, 2020, the transaction is expected to close by late June 2020.

CTJ Holdings2 LLC completed the acquisition of 42.25% stake in Furukawa Metal (Thailand) Public Company Limited (SET:FMT) from Furukawa Electric Co., Ltd. (TSE:5801) on June 1, 2020.