Iwatani Corporation (TSE:8088) agreed to acquire an additional 6.1% stake in New Cosmos Electric Co., Ltd. (JASDAQ:6824) on May 31, 2019. Iwatani Corporation will purchase 0.75 million shares of New Cosmos Electric Co., Ltd. After the transaction, Iwatani Corporation will hold 27.1% stake in New Cosmos Electric Co., Ltd. The transaction is expected to be completed on May 31, 2019.

Iwatani Corporation (TSE:8088) cancelled the acquisition of an additional 6.1% stake in New Cosmos Electric Co., Ltd. (JASDAQ:6824) on May 31, 2020.