Kappa Create Holdings Co., Ltd. (TSE:7421) agreed to acquire 5.42% stake in Shinmei Co., Ltd. for ¥800 million on April 9, 2013. Kappa Create Holdings Co., Ltd. will acquire 0.5 million shares of Shinmei Co., Ltd. In a related transaction, Kappa Create will sell 0.8 million shares of its treasury stock to SHINMEI CO LTD. The transaction is expected to close on April 30, 2013.

Kappa Create Holdings Co., Ltd. (TSE:7421) completed the acquisition of 5.42% stake in Shinmei Co., Ltd. on April 30, 2013.