MM & KENZAI Corporation agreed to acquire 17.4% stake in Kawagishi Bridge Works Co., Ltd. (TSE:5921) from Metal One Corporation on March 16, 2021. Under the terms of the transaction, MM & KENZAI Corporation will acquire 0.5 million shares in Kawagishi Bridge Works Co., Ltd. As a result, MM & KENZAI Corporation will become the new major and largest shareholder in Kawagishi Bridge Works Co., Ltd. Upon completion, Metal One Corporation will not own any shares in Kawagishi Bridge Works Co., Ltd. The transaction is expected to close on March 17, 2021. There will be no impact on business performance due to the change of the largest shareholder.