MELDIA Development & Construction CO., LTD. (TSE:1739) agreed to acquire Taisyo Construction Co., Ltd. from SCholdings Co., Ltd. on October 14, 2022. As a part of transaction, MELDIA Development & Construction CO., LTD. will acquire 800 shares of Taisyo Construction Co., Ltd. For the year ended April 30, 2022, Taisyo Construction reported net worth of Ñ139 million, total assets of Ñ494 million, sales of Ñ572 million, operating income of Ñ7.53 million and net loss of Ñ2.9 million. The transaction is expected to complete on October 31, 2022.