Steven Tan acquired remaining 65% stake in I.M Jihan Co., Ltd. from Apple International Co., Ltd. (TSE:2788) for ¥39 million on January 22, 2016. Under the terms, Steven Tan acquired 0.01 million shares to hold 65% stake in I.M Jihan Co., Ltd. Post deal, Apple International Co., Ltd. will not hold any stake. Transaction will give expected extraordinary profit of ¥39 million for first quarter of for the year ending December 2016.

Steven Tan completed the acquisition of remaining 65% stake in I.M Jihan Co., Ltd. from Apple International Co., Ltd. (TSE:2788) on January 22, 2016.