RS Technologies Co., Ltd. (TSE:3445) agreed to acquire DG Technologies, Inc. from Fai Chi Trading Development Limited for ¥900 million on November 13, 2018. Post acquisition, DG Technologies will become subsidiary of RS Technologies. For Fiscal year ended December 2017, DG Technologies reported net assets of ¥201.6 million, total assets of ¥1.2 billion, sales of ¥1.3 billion, operating income of ¥82 million and net income of ¥32.8 million. The Board of RS Technologies resolved the transaction on November 13, 2018. The transaction is expected to be completed on January 10, 2019. The transaction also incurred advisory expenses of ¥ 6.5 million. RS Technologies Co., Ltd. (TSE:3445) completed the acquisition of DG Technologies, Inc. from Fai Chi Trading Development Limited in June, 2019