Chino Corporation (TSE:6850) agreed to acquire an additional 16% stake in Meiyo Electric Co.,Ltd. on June 11, 2019. Chino Corporation currently holds 26.7% in Meiyo Electric Co.,Ltd. The transaction is resolved by the Board of Chino Corporation on June 11, 2019. The contract date is scheduled to be June 26, 2019 and payment date is expected to be July 1, 2019. Chino Corporation (TSE:6850) cancelled the acquisition 16% stake in Meiyo Electric Co.,Ltd. effective March 10, 2020.