Nihon Housing Co.,Ltd. (TSE:4781) agreed to acquire 80% stake in Pan Pacific Services Company Limited and Pan Pacific Company Limited from The Pan Group Joint Stock Company (HOSE:PAN) on September 18, 2015. Under the terms, 80% stake in Pan Pacific Services Company Limited and Pan Pacific Company Limited will be acquired by November 2015 and the remaining 20% will be acquired within 3 years from the first closing, making Pan Pacific Services Company Limited and Pan Pacific Company Limited, 100% subsidiaries of Nihon Housing. Pan Pacific Services Company Limited reported sales of VND 264.7 billion, total assets of VND 107.6 billion and net assets of VND 62.1 billion. Pan Pacific Company Limited reported sales of VND 77.1 billion, total assets of VND 30.5 billion and net assets of VND 19.2 billion. The deal is subject to approval from Vietnamese authorities.

Nihon Housing Co.,Ltd. (TSE:4781) completed the acquisition of 80% stake in Pan Pacific Services Company Limited and Pan Pacific Company Limited from The Pan Group Joint Stock Company (HOSE:PAN) on March 9, 2016.