Carchs Holdings Co., Ltd. (TSE:7602) signed a contract to acquire 50% stake in AGASTA Co., Ltd. from WebCrew Inc. (TSE:8767) for ¥270 million on July 23, 2014. Carchs Holdings Co., Ltd. will acquire 3000 shares of AGASTA Co., Ltd. representing 50% stake. Post transaction, WebCrew Inc. will hold 49.98% stake in AGASTA Co., Ltd. In a related transaction, WebCrew Inc. plans to acquire 0.02% stake in AGASTA Co., Ltd from Michiyo Watanabe. Board of Directors of WebCrew Inc. resolved thet ransaction. The transaction is expected to be closed by July 31, 2014.

Carchs Holdings Co., Ltd. (TSE:7602) completed the acquisition of 50% stake in AGASTA Co., Ltd. from WebCrew Inc. (TSE:8767) in November 2014.