HABA Laboratories Inc. (JASDAQ: 4925) executed a share transfer contract to acquire remaining 29.07% stake in Chubu HABA Co., Ltd. on April 26, 2011. Under the terms of transaction, HABA Laboratories will acquire 250 shares of Chubu HABA. The transaction has been resolved by Board of Directors of HABA Laboratories in a meeting held on April 26, 2011, and is expected to close on May 9, 2011. The transaction will have a negligible influence on future performance of HABA Laboratories. HABA Laboratories Inc. (JASDAQ: 4925) cancelled the acquisition of the remaining 29.07% stake in Chubu HABA Co., Ltd. on April 26, 2012.