Zhaoshi International Development Co., Ltd. concluded a contract to acquire TY Investors LLC from Asian Star Co. (JASDAQ:8946) for approximately ¥910 million on June 17, 2016. After the transaction, Asian Star Co. will hold no stake in TY Investors LLC. TY Investors LLC reported total assets of ¥555.8 million, net assets of ¥474.94 million, sales of ¥56.98 million, operating profit of ¥6.42 million and net loss of ¥5.16 million in 2015. The Board of Directors of Asian Star Co. passed a resolution for the transaction on June 17, 2016. The transaction is expected to be completed by the end of August 2016. As of August 31, 2016, the transaction is expected to be completed by end of December 2016. As of December 9, 2016, Asian Star Co. received a partial payment of ¥300 million and the balance of ¥600 million is expected to be received by December 26, 2016, totaling ¥900 million as the consideration.