Freesia Macross Corporation (TSE:6343) agreed to acquire an additional 3.06% stake in Solekia Limited (JASDAQ:9867) from Beji Sasaki for approximately ¥110 million on June 29, 2017. Freesia Macross Corporation plans to sign an agreement on June 29, 2017. Freesia Macross Corporation will acquire 0.03 million shares at ¥4200 per share. Freesia Macross Corporation will hold 9.8% stake in Solekia Limited after the transaction. In a related transaction, Freesia Macross Corporation agreed to acquire an additional 13.65% stake in Solekia Limited from Beji Sasaki for approximately ¥670 million. After the transactions, Solekia Limited is expected to become an affiliate of Freesia Macross Corporation. The Board of Directors passed a resolution for the transaction on June 29, 2017. The transaction is expected to be completed on June 29, 2017.

Freesia Macross Corporation (TSE:6343) completed the acquisition of an additional 3.06% stake in Solekia Limited (JASDAQ:9867) from Beji Sasaki on June 30, 2017. Freesia Macross Corporation will now hold 23.9% stake and Beji Sasaki has become the third major shareholder of Solekia Limited, with 21.9% stake.