Noritz Corporation (TSE:5943) agreed to acquire 44% stake in Viet Nam Australia Refrigeration Electrical Engineering Group Joint Stock Company on February 13, 2020. The transaction is resolved by the Board of Directors of Noritz Corporation. The transaction is expected to close in July 2020. The impact of the acquisition on the company's consolidated business results for the fiscal year ending December 2020 is immaterial. GCA Advisory Corporation acted as financial advisor to Noritz Corporation in transaction. Noritz Corporation (TSE:5943) completed the acquisition of 44% stake in Viet Nam Australia Refrigeration Electrical Engineering Group Joint Stock Company on June 16, 2021. As of February 2021, Noritz Corporation established Kangaroo International Joint Venture Company and transferred the assets of Vietnam Australia Refrigeration Electrical Engineering Group Joint Stock Company and his Kangaroo Hi-tech Manufacturing and Assembling One Member Company Limited production subsidiary to Kangaroo. Therefore, Viet Nam Australia Refrigeration Electrical Engineering Group Joint Stock Company`s name as of February 13, 2020 and Kangaroo International Joint Venture Company`s name for this acquisition of shares have changed.