Topre Corporation (TSE:5975) agreed to acquire 5.5% stake in MARUJUN Co., Ltd. (NSE:3422) from Yorio Imagawa for approximately ¥260 million on May 11, 2017. Topre Corporation will acquire 0.5 million shares of MARUJUN Co., Ltd. at an offer per share of ¥549. Yorio Imagawa will hold 0.48 million shares of MARUJUN Co., Ltd. after completion of the transaction.

Under the agreement, Topre Corporation and MARUJUN Co., Ltd. will also make business and capital alliance. The transaction is expected to complete on June 22, 2017.