GA technologies Co., Ltd. (TSE:3491) entered into a share transfer agreement to acquire 35.71% stake in Ricordi Co., Ltd. from Toshitaka Fukuda on December 15, 2021. As reported, Toshitaka Fukuda will transfer 75 shares of Ricordi in exchange for cash. In a related transaction, GA technologies Co., Ltd also entered into a share exchange agreement on December 15, 2021 under which GA technologies Co., Ltd. which plans to issue 961,600 new shares of common stock to shareholders of Ricordi other than itself among the shareholders of Ricordi listed or recorded in the last shareholder list of Ricordi on the day before the effective date of the share exchange. Ricordi Co., Ltd. will convert into a wholly owned subsidiary of GA technologies Co., Ltd. through a simple share exchange. For the period ending June 2021, Ricordi Co., Ltd. reported total assets of ¥840 million. The shares will be acquired by March 1, 2022. The Board of Directors of GA technologies Co., Ltd. resolved the share transfer agreement and share exchange agreement on December 15, 2021.