Beauty Kadan Co., Ltd. (TSE:3041) agreed to acquire remaining 50% stake in Beauty Kadan Co., Ltd. (Taipei) from Lungyen Life Service Corporation (GTSM:5530) for NTD 23.7 million on July 12, 2013. The final agreement is yet to be signed. Beauty Kadan reported net assets of NTD 50.8 million, total assets of NTD 54.79 million, net sales of NTD 91.97 million, operating profit of NTD 4.92 million and net income of NTD 9.04 million for the year ended March 31, 2013.