Sacos Corporation (JASDAQ:9641) agreed to acquire additional 33.5% stake in Futaba Electric Co., Ltd. from Koichi Tega, Hiroko Tega and Sachiko Nobara for CNY 180 million on September 14, 2018. Parties will sign share transfer agreement on September 19, 2018. Under the transaction, Sacos Corporation acquires 8,480 shares. Post transfer, Sacos Corporation will hold 0.023 million shares representing 98.3% stake. During the financial year ended December 2017, Futaba Electric Co., Ltd. reported net assets of CNY 589 million, total assets of CNY 686 million, revenue of CNY 662 million, operating profit of CNY 78 million and net profit of CNY 51 million. The transaction has been resolved by the Board of Sacos Corporation. The transaction is expected to be completed by September 25, 2018. Sacos Corporation (JASDAQ:9641) cancelled the acquisition of additional 33.5% stake in Futaba Electric Co., Ltd. from Koichi Tega, Hiroko Tega and Sachiko Nobara on September 14, 2019.