Nexta Co., Ltd. and three other parties entered into an agreement to acquire 38.7% stake in General Oyster, Inc. (TSE:3224) from Tryfunds Investment Fund L.P. managed by Tryfunds Investment Co., Ltd. for approximately ¥920 million on March 24, 2021. Under the terms, Tryfunds Investment will transfer 1,154,500 shares of General Oyster at ¥800 per share. Nexta Co., Ltd. will acquire 738,955 shares of General Oyster. Post completion, Nexta Co., Ltd. will be the major shareholder of General Oyster holding 25.21% of voting rights and Tryfunds Investment will not hold any stake and no longer a shareholder of General Oyster. The Board of Directors of General Oyster agreed to this transaction and resolved to conclude a capital alliance agreement with Nexta Co., Ltd. The transaction is expected to close on March 29, 2021.