Link-U Inc. (TSE:4446) agreed to acquire 72% stake in Liberal Marketing Co., Ltd. from Kaoru Shigeta and Kazuya Shiraishi for approximately ¥500 million on September 15, 2020. Under the terms of the transaction, acquisition price is ¥504 million and advisory expenses are ¥3 million. Link-U Inc. will acquire a total of 72 shares of Liberal Marketing Co., Ltd. out of which 52 shares will be transferred on September 30, 2020 and 20 shares will transferred on September 30, 2021. The board of directors of Link-U Inc. resolved the transaction in the meeting held on September 15, 2020. The transaction is expected to complete in September 30, 2021.