NCXX Group Inc. (JASDAQ:6634) signed a share transfer contract to acquire 93.68% stake in Versatile, Inc. from FISCO Ltd. (JASDAQ:3807) for ¥400 million on December 14, 2016. NCXX will acquire 0.03 million shares of Versatile. In a related transaction, NCXX Group Inc. (JASDAQ:6634) agreed to acquire FISCO International Limited from FISCO Ltd. (JASDAQ:3807) for ¥86 million on December 15, 2016. On completion, Versatile will become subsidiary of NCXX. Versatile reported net assets of ¥482 million, total assets of ¥1.7 billion, sales of ¥47 million, operating loss of ¥34 million and net loss of ¥72 million during the period ended December 2015. The deal is expected to close on December 30, 2016. Tokyo Financial Advisers Co., Ltd. acted as valuer for NCXX Group.

NCXX Group Inc. (JASDAQ:6634) completed the acquisition of 93.68% stake in Versatile, Inc. from FISCO Ltd. (JASDAQ:3807) on December 29, 2016.