G-Tekt Corporation (JASDAQ:5970) signed a basic agreement to acquire the remaining 50% stake in PT. Auto-Body Manufacturing Indonesia from H-One Co., Ltd. (JASDAQ:5989) on April 26, 2013. Following the completion of the deal, PT.

Auto-Body Manufacturing Indonesia will become wholly owned subsidiary of G-Tekt Corporation. The transaction has been resolved by Board of Directors of G-Tekt Corporation on April 26, 2013. The signing of the share transfer agreement and the closing of the transaction is expected in September 2013.