FIT Hon Teng Limited (SEHK:6088) entered into a share purchase agreement to acquire a 4.6% stake in Kantatsu Co., Ltd. from Mizuho Growth Fund Limited Partnership for ¥300 million on January 25, 2019. Under the terms, FIT Hon Teng Limited will acquire 0.01 million shares of Kantatsu Co., Ltd. The consideration will be satisfied by FIT Hon Teng Limited's internal resources. For the year ended March 31, 2018, Kantatsu Co., Ltd. had net profit after tax and extraordinary items of ¥519.4 million. The transaction is subject to Kantatsu’s consent and collaboration in effecting the change and compliance with all relevant legal and regulatory requirements including the Listing Rules and is expected to complete on January 31, 2019. FIT Hon Teng Limited (SEHK:6088) cancelled the acquisition of a 4.6% stake in Kantatsu Co., Ltd. from Mizuho Growth Fund Limited Partnership on January 25, 2020.