Marui Orimono Co., Ltd. offered a proposal to acquire the remaining 44.22% stake in Soko Seiren Co.,Ltd. for Ñ490 million.

SOKO SEIREN Co.,LTD. is a Japan-based company mainly engaged in the dyeing and processing of various textile products, the production and sale of textile products, and the development of business activities related to logistics, packaging, as well as the production and sale of various industrial equipment related to each business. The Company operates in three business segments. The Textile segment is engaged in the processing and sale of textile products for clothing and industrial materials. The Machine Manufacturing and Sales segment is mainly engaged in the manufacture and sale of machines used for processing textile products. The Interior segment is mainly engaged in the development of interior and exterior decorating business.