Tomen Devices Corporation (TSE:2737) agreed to acquire an additional 30% stake in ATMD (Hong Kong) Limited from ACL International Holdings Limited for $3.6 million on September 26, 2013. Tomen Devices will acquire additional 3 million shares of ATMD (Hong Kong) from ACL International and following the completion of the deal, Tomen will own 98% stake in ATMD. ATMD had net assets of $10 million and total assets of $94 million as of September 26, 2013. The deal is resolved by the Board of Tomen Devices Corporation on September 26, 2013. The transaction is expected to complete in November, 2013.

Tomen Devices Corporation (TSE:2737) cancelled the acquisition of an additional 30% stake in ATMD (Hong Kong) Limited from ACL International Holdings Limited on September 26, 2014.