Asia Gate Holdings Co., Ltd. (JASDAQ:1783) signed a basic agreement to acquire real estate consulting business and real estate brokerage business and NS Insurance Inc. from NS Asset Management Inc. and NS Real Estate Inc. on April 10, 2020. As of July 3, 2020, a business transfer agreement has been executed. Under the acquisition, Asia Gate Holdings Co., Ltd. will acquire real estate brokerage business from NS Real Estate, real estate consulting business and NS Insurance Inc. from NS Asset Management Inc. Post the acquisition, Asia Gate Holdings Co., Ltd. will establish AGNS Asset Management Co., Ltd. as a wholly owned subsidiary. The transfer price and settlement method will be determined by Asia Gate Holdings Co., Ltd. after conducting due diligence and concluding the business transfer agreement. The transaction is expected to close on May 31, 2020. As of May 15, 2020, the transaction is expected to close by mid-June 2020. As of May 29, 2020, the specific date for executing the transfer has not been determined. As of July 3, 2020, the transaction is expected to be completed by mid-July 2020.

Asia Gate Holdings Co., Ltd. (JASDAQ:1783) completed the acquisition of real estate consulting business and real estate brokerage business and NS Insurance Inc. from NS Asset Management Inc. and NS Real Estate Inc. in July 2020.