Showa Holdings Co., Ltd. (TSE:5103) agreed to acquire 2.05% stake in Welcia Holdings Co., Ltd. (TSE:3141) from Asukano Holdings K.K. and A.P.F. Holdings Company Limited, fund of Asia Partnership Fund Group for approximately ¥150 million on December 26, 2014. Showa Holdings will acquire 0.9 million shares of Welcia Holdings. The transaction is expected to complete in January 2015.

Showa Holdings Co., Ltd. (TSE:5103) cancelled the acquisition of 2.05% stake in Welcia Holdings Co., Ltd. (TSE:3141) from Asukano Holdings K.K. and A.P.F. Holdings Company Limited, fund of Asia Partnership Fund Group on December 26, 2015.