Japanese Dining Concepts (Asia) Limited concluded a contract to acquire Genki Sushi Singapore Pte. Ltd. from Genki Sushi Co., Ltd. (TSE:9828) on July 28, 2017. Under the terms of the transaction, Japanese Dining Concepts (Asia) Limited will acquire 0.8 million shares of Genki Sushi Singapore Pte. Ltd. For the year ended December 31, 2016, Genki Sushi Singapore Pte. Ltd. reported total revenues of SGD 11.61 million, net assets of SGD 735 million, total assets of SGD 4.01 million and net income of SGD 0.403 million. Board of Directors resolved the transaction on July 28, 2017. The transaction is expected to complete in late August 2017.