TBCSCAT Inc. (JASDAQ:3974) signed a basic agreement to acquire VID Co., Ltd. from Max Express Co., Ltd. for approximately ¥130 million on January 5, 2018. As part of the consideration, TBCSCAT will acquire a total of 1,000 shares for ¥0.13 million per share. It is expected that share purchase agreement will be signed on January 26, 2018. TBCSCAT Inc. signed a contract to acquire VID Co., Ltd. from Max Express Co., Ltd. on February 26, 2018. On closing, VID Co., Ltd. will become a wholly owned subsidiary of TBCSCAT Inc. Masamichi Shirakawa will act as representative Director and President and Hideo Nagashima will act as Director of VID Co., Ltd. The Board of Directors of TBCSCAT Inc. resolved the transaction on January 5, 2018. The share transfer execution date is expected to be February 1, 2018. On January 25, 2018, TBCSCAT Inc. postponed the date of share transfer execution from February 1, 2018 to early March 2018. As of February 26, 2018, the transaction is expected to be completed by March 1, 2018. TBCSCAT Inc. (JASDAQ:3974) cancelled the acquisition of VID Co., Ltd. from Max Express Co., Ltd. on January 5, 2019.