MBK Co.,Ltd. (TSE:3121) agreed to acquire an additional 35.1% stake in Baltic FinTech Holdings Co., Ltd. for ¥35.1 million on October 26, 2020. As a part of the acquisition, MBK will acquire 702 shares. Prior to the transaction, MBK holds 298 shares representing 14.9% stake and after the closing of the transaction MBK will hold 1,000 shares representing 50% stake. For financial year ended in March 2020, Baltic FinTech Holdings reported net assets of ¥98 million, total assets of ¥98 million, net income of ¥1 million and operation income as Nil. The transaction was resolved by the board of MBK on October 26, 2020. The share acquisition date is scheduled for October 31, 2020.