Ogura Clutch Co.,Ltd. (JASDAQ:6408) agreed to acquire Sunaga (Dongguan) Co., Ltd from Sunaga (HK) Limited on March 27, 2019. Ogura Clutch will conclude a contract with Sunaga (HK) Limited on March 28, 2019. The agreement was signed on March 28, 2019. Post-acquisition, Sunaga (Dongguan) will become a wholly owned subsidiary of Ogura Clutch. As of December 31, 2018, Sunaga (Dongguan) reported net assets of CNY 30.1 million, total assets of CNY 37.3 million, sales of CNY 58.5 million, operating profit of CNY 5.2 million and net income of CNY 3.17 million. The transaction has been resolved by the Board of Directors of Ogura Clutch at the meeting held on March 27, 2019. The transaction is expected to be completed by April 1, 2019. Ogura Clutch Co.,Ltd. (JASDAQ:6408) completed the acquisition of Sunaga (Dongguan) Co., Ltd from Sunaga (HK) Limited for ¥610 million on April 1, 2019.