Yukihiro Ochiai, Director and President of Sunbuild Corporation entered into share transfer contract to acquire 33% stake in Sunbuild Corporation from Kudo Corporation (TSE:1764) for ¥60 million on June 26, 2013. Kudo Corporation will sell its entire stake comprised 0.03 million shares. Board of Directors of Kudo Corporation made a resolution in favor of the transaction on June 26, 2013.

The transaction is expected to close on June 27, 2013.