Seven Bank, Ltd. (TSE:8410) signed a contract to acquire 20% stake in Metaps Payment Inc. from Metaps Inc. (TSE:6172) for ¥2 billion on January 10, 2020. Seven Bank will acquire 100 shares in Metaps Payment. The contract has a right to request additional acquisition, and Seven Bank must make an additional acquisition request for 67 shares of Metaps Payment during the period from one year to three years after the execution of the share transfer. Even after the Transaction, Metaps Inc. will hold a majority stake in Metaps Payment and Metaps Payment will remain the consolidated subsidiary of Metaps Inc. There will be no change in the subsidiaries associated with the transaction. Transaction is expected to close on January 17, 2020. Metaps Inc. does not anticipate any impact on consolidated business results as a result of this transaction.

Seven Bank, Ltd. (TSE:8410) cancelled to acquire 20% stake in Metaps Payment Inc. from Metaps Inc. (TSE:6172) on January 10, 2021.