Taisei Co.,Ltd (Fukuoka) (TSE:3359) agreed to acquire Razor Glory Building Maintenance Ltd from Kazuo Morita and Naoto Tsurunaga on September 2, 2015. A contract for this deal is expected to be concluded on September 30, 2015. Kazuo Morita and Naoto Tsurunaga held 70% and 30% stake respectively.

As per the agreement, 0.5 million shares will be acquired. As of March 2015, net assets of Razor Glory Building Maintenance Ltd. was HKD 4.86 million, total assets of Razor Glory Building Maintenance Ltd. was HKD 10.05 million, sales was HKD 32.33 million and operating profit was HKD 2.31 million. The Board of Taisei Co.,Ltd (Fukuoka) resolved the deal.

Expected closing is on October 2, 2015.