RENET JAPAN INTERNATIONAL PTE LTD. and RenetJapanGroup,Inc. (TSE:3556) signed an agreement to acquire remaining 49% stake in MOBILITY FINANCE (CAMBODIA) PLC from SBI Holdings, Inc. (TSE:8473) on November 13, 2020. RENET JAPAN INTERNATIONAL PTE LTD. and RenetJapanGroup,Inc. will acquire 45, 840 and 2.2 million shares, representing 1% and 48% stake in MOBILITY FINANCE (CAMBODIA) PLC respectively. For the year ended December 31, 2019, MOBILITY FINANCE (CAMBODIA) PLC reported total common equity of ¥22.7 million, total assets of ¥76.8 million, total revenue of ¥2.6 million, EBIT of ¥24.8 million and net income of ¥25.04 million.

The transaction is expected to be completed on November 13, 2020.