LAC Co., Ltd. (JASDAQ:3857) signed an agreement to acquire Asian Link Co Ltd from Katsushige Tanabe, Hirohumi Miyagawa and Sougen Kaneko for ¥740 million on February 14, 2018. Under the terms, LAC Co., Ltd will acquire 200 shares at ¥3.7 million per share. The acquisition will be funded through LAC Co., Ltd will issue 0.19 million shares through private placement at the price of ¥1283 per share. For the fiscal year ended June 30, 2017, Asian Link Co Ltd reported net assets of ¥96 million, total assets of ¥822 million, sales of ¥1.3 billion, operating income of ¥24 million and net income of ¥30 million. The transaction is resolved by the Board of Directors of LAC Co., Ltd on February 14, 2018. The transaction is expected to close on April 2, 2018. GCA Corporation (TSE:2174) acted as financial advisor to LAC Co., Ltd. LAC Co., Ltd. (JASDAQ:3857) cancelled the acquisition of Asian Link Co Ltd from Katsushige Tanabe, Hirohumi Miyagawa and Sougen Kaneko on February 14, 2019.