Showa Denko k.k. (TSE:4004) and Showa Aluminum Can Corp. reached an agreement to acquire 91.75% stake in Rexam-Hanacans Joint Stock Company from Hanaka Group Joint Stock Company, Man Ngoc Anh and his family on January 8, 2014. Anh and his family will sell its entire 83.57% stake.

Showa Aluminum Can Corp will acquire 90% stake and Showa Denko k.k. will acquire 1.75% stake. Hanaka Group Joint Stock Company will reduce its stake from 16.43% to 8.25%. The transfer of shares is scheduled to take effect in March 2014.

This transaction will have only slight influence over Showa Denko's consolidated business results for the term ending in December 2014.