Sage Automotive Interiors, Inc. agreed to acquire 98.5% stake in Soko Seiren Mexicana S.A. de C.V. from Soko Seiren Co.,Ltd. (TSE:3578) on July 31, 2018. The acquisition is expected to close at the end of September 2018. Sage Automotive Interiors, Inc. completed the acquisition of 98.5% stake in Soko Seiren Mexicana S.A. de C.V. from Soko Seiren Co.,Ltd. (TSE:3578) for ¥5 million on February 28, 2019. The assigned value of the transaction is ¥5 million. However, it will be the amount adjusted by the amount Soko Seiren Mexicana's assets and liabilities as of the stock transfer date. Takuya Matsuo and Makoto Shimizu of Nishimura & Asahi acted as legal advisor to Soko Seiren Co.,Ltd. Hogan Lovells acted as a legal advisor to Sage Automotive Interiors, Inc.