Ran Capital Management Co., Ltd. agreed to acquire 29.96% stake in ESPOIR Co., Ltd. (NSE:3260) from Urban Renaissance Incorporated Associations and other shareholder for approximately ¥270 million on September 17, 2015. Urban Renaissance will sell 0.41 million shares at ¥600 per share and other shareholder will sell 0.03 million shares for ¥18 million. On completion, Urban Renaissance will continue to hold 3.1% stake in ESPOIR. The deal is expected to close on September 18, 2015. Ran Capital Management Co., Ltd. cancelled the acquisition of 29.96% stake in ESPOIR Co., Ltd. (NSE:3260) from Urban Renaissance Incorporated Associations and other shareholder on September 17, 2016.