Shinnaigai Textile Ltd. (TSE:3125) agreed to acquire 99% stake in J.P. Bosco Co., Ltd. from Katsuhiko Nakano, Representative Director and President of J.P. Bosco, on January 28, 2014. Shinnaigai Textile will acquire 0.099 million shares of J.P. Bosco. J.P. Bosco reported net assets of THB 144.55 million, total assets of THB 218.63 million, net sales of THB 551.75 million, operating income of THB 69.36 million and net income of THB 53.57 million for the period ended December 31, 2012.

The Board of Directors of Shinnaigai Textile has resolved to undertake the transaction on January 28, 2014, the agreement is expected to be signed on January 30, 2014 and the transaction is expected to close on January 30, 2014.