MELDIA Development & Construction CO., LTD. (TSE:1739) agreed to acquire Kento Housing Sales Co., Ltd. on August 31, 2022. After the acquisition, Kento Housing Sales will operate as a wholly owned subsidiary of MELDIA Development & Construction. MELDIA Development & Construction will acquire 0.0009 million shares of Kento Housing Sales.

Kento Housing Sales has reported revenue of Ñ2655.848 million, total common equity of Ñ481.511 million, total assets of Ñ3232.673 million, EBIT of Ñ43.506 million and net loss of Ñ0.407 million during Fiscal Year ending August 2021. The Board resolution date is August 31, 2022. The transaction is expected to complete on September 30, 2022.