Harvest Premier Investment Corporation agreed to acquire 49% stake in Gokurakuyu China Holdings Limited from Gokurakuyu Co., Ltd. (JASDAQ:2340) for approximately ¥930 million on July 30, 2014. Conclusion of the share transfer contract is expected to be in late August 2014. After the transaction, Gokurakuyu will hold 51% stake in Gokurakuyu China Holdings.

The Board of Directors of Gokurakuyu Co., Ltd. passed a resolution for the transaction on July 30, 2014. The transaction is expected to be closed by early September 2014.