UCC Ueshima Coffee Co., Ltd. agreed to acquire Shanghai Green First Pulp Mould Package & Enterprise Co., Ltd. from Unicafe Inc. (TSE:2597) for ¥900 million on December 15, 2015. UCC Ueshima Coffee Co., Ltd. will enter into a contract on December 16, 2015. As of December 2014, Shanghai Green First Pulp Mould Package & Enterprise Co., Ltd had total assets of ¥388 million, net assets of ¥385 million, sales of ¥235 million, operating profit of ¥29 million, ordinary profit of ¥38 million and net income of ¥38 million. The Board of Directors of Unicafe Inc. passed the resolution of the transaction on December 15, 2015. The contract was signed on December 16, 2015. The transaction is subject to approval from Chinese (Shanghai) authorities. The transaction is expected to close around February 2016. YUSEI Advisory Co., Ltd. acted as the independent valuer to Unicafe Inc.

UCC Ueshima Coffee Co., Ltd. completed the acquisition of Shanghai Green First Pulp Mould Package & Enterprise Co., Ltd. from Unicafe Inc. (TSE:2597) on February 29, 2016. The transaction has been approved by Chinese authorities.