Chino Corporation concluded a share transfer contract to acquire Ulvac-Riko,Inc. from ULVAC, Inc. for approximately ¥750 million.

Chino Corporation (TSE:6850) concluded a share transfer contract to acquire Ulvac-Riko,Inc. from ULVAC, Inc. (TSE:6728) for approximately ¥750 million on November 11, 2014. Under the terms of the deal, 1.16 million shares will be acquired. For the year ending June 2014, Ulvac-Riko had net assets of ¥756 million, total assets of ¥1.7 billion, sales of ¥1.7 billion, operating profit of ¥148 million and net income of ¥79 million.

The Board of Directors of Chino Corporation passed a resolution for the transaction on November 11, 2014. The tentative share transfer date is December 25, 2014.