Sanyo Engineering & Construction Vietnam Co., Ltd. agreed to acquire 24.2% stake in Seaprodex Refrigeration Industry Corporation (HOSE:SRF) from two individual shareholders for approximately ¥810 million on March 22, 2019. Sanyo Engineering & Construction Vietnam Co., Ltd. entered into an agreement to acquire 24.2% stake in Seaprodex Refrigeration Industry Corporation (HOSE:SRF) from two individual shareholders for approximately ¥810 million on April 19, 2019. Under the terms of the transaction, Sanyo Engineering & Construction Vietnam Co., Ltd. will acquire 7.86 million shares. Sanyo Engineering & Construction Vietnam Co., Ltd. will acquire 6.5 million shares on may 17, 2019 and remaining 1.36 million shares at a stage with preconditions based on the acquisition agreement. As a part of the transaction, Sanyo Engineering & Construction Vietnam Co., Ltd. will appoint one director on the board of Seaprodex Refrigeration Industry Corporation. The transaction was resolved by Sanyo Engineering & Construction, Inc., parent of Sanyo Engineering & Construction Vietnam Co., Ltd. on March 22, 2019. Sanyo Engineering & Construction Vietnam Co., Ltd. cancelled the acquisition of 24.2% stake in Seaprodex Refrigeration Industry Corporation (HOSE:SRF) from two individual shareholders on March 22, 2020.