PT. G-TEKT Indonesia Manufacturing agreed to acquire PT. Auto-Body Manufacturing Indonesia from G-Tekt Corporation (JASDAQ:5970) in stock on January 31, 2014.

PT. G-TEKT Indonesia Manufacturing will issue 0.5 shares for each share of PT. Auto-Body Manufacturing Indonesia and will acquire all 44,800 shares.

PT. Auto-Body Manufacturing Indonesia will be merged into PT. G-TEKT Indonesia Manufacturing after the transaction.

Board of Directors of G-Tekt Corporation approved the transaction on January 31, 2014. Shareholders of PT. G-TEKT Indonesia Manufacturing and PT.

Auto-Body Manufacturing Indonesia approved the transaction on January 31, 2014. The transaction is expected to close on March 17, 2014.