Hulic Co., Ltd. (TSE:3003) made an offer to acquire 25.49% stake in Riso Kyoiku Co., Ltd. (TSE:4714) for ¥12.6 billion on April 8, 2024. As per the transaction, Hulic Co., Ltd. will acquire maximum 39.4 million shares at ¥320 pre share. The transaction is expected to close on May 22, 2024.