Shinwa Wise Holdings Co., Ltd. (JASDAQ:2437) concluded a share transfer agreement to acquire 18.37% stake in registART Inc. from ART iT Co., Ltd. for ¥37.6 million on March 20, 2018. Shinwa Wise Holdings Co., Ltd. will acquire 45 shares of registART Inc. Shinwa Wise Holdings Co., Ltd. will make the payment on March 22, 2018. Prior to the transaction, Shinwa Wise Holdings Co., Ltd. held no stake and after the transaction, Shinwa Wise Holdings Co., Ltd will hold 18.37% stake in registART Inc. registART Inc. reported net assets of ¥8.56 million and total assets of ¥8.6 million as at December 31, 2017. The Board of Directors of Shinwa Wise Holdings Co., Ltd. passed a resolution for the transaction on March 20, 2018. The Board of Directors of registART Inc. approved the transaction. Shinwa Wise Holdings Co., Ltd. (JASDAQ:2437) cancelled the acquisition of 18.37% stake in registART Inc. from ART iT Co., Ltd. on March 20, 2019.