B&V Corporation signed a contract to acquire 81% stake in SHiDAX Community Corporation from Shidax Corporation (JASDAQ:4837) on May 30, 2018. A total of 34.82 million shares will be transferred as part of the deal along with claims owned by Shidax Corporation in SHiDAX Community Corporation amounting to ¥9.7 billion. On June 7, 2018, it was announced that claims worth ¥10.1 billion and 34.82 million shares will be transferred for ¥5 billion. After the sale, Shidax Corporation will hold 19% stake in SHiDAX Community Corporation. SHiDAX Community Corporation reported net liabilities of ¥3.3 billion, total assets of ¥10.74 billion, sales of ¥18.21 billion, operating loss of ¥1.25 billion and net loss of ¥2.4 billion for the fiscal year ended March 2018. The Board of Shidax Corporation resolved in favor of the deal on the same date. Deal is expected to close by June 7, 2018. B&V Corporation completed the acquisition of 81% stake in SHiDAX Community Corporation from Shidax Corporation (JASDAQ:4837) on August 2, 2018.