Restar Holdings Corporation (TSE:3156) entered into an agreement to acquire 20% stake in Ryoyo Electro Corporation (TSE : 8068) from Simplex Asset Management Co., Ltd. and Simplex Asset Management (HK) Company Limited for ¥10.72 billion on May 13, 2019. Under the terms, 5.4 million shares were acquired as part of the transaction. The transaction is expected to be funded by bank borrowings. The transaction has been approved by the Board of Renstar Holdings. The transaction is expected to be completed on May 15, 2019.

Restar Holdings Corporation (TSE:3156) completed the acquisition of 20% stake in Ryoyo Electro Corporation (TSE : 8068) from Simplex Asset Management Co., Ltd. and Simplex Asset Management (HK) Company Limited in May 2019.