OREANDA-NEWS. HOYA CORPORATION (“HOYA”) announced that HOYA and Seiko Holdings Corporation (“SEIKO”) agreed to execute the contemplated share transfer of Seiko Optical Products Co., Ltd. (“SOP”), SEIKO’s wholly owned subsidiary, on June 1, 2013.

HOYA had concluded a shareholders agreement with SEIKO to acquire 30% shares of SOP on February 1, 2013 as released in "Announcement of agreement with SEIKO for the global strategic alliance including transferring the partial ownership of its subsidiary" dated November 16, 2012.

The said share transfer was decided to be postponed from February 1, 2013, due to the antitrust authority of People’s Republic of China having taken longer time to review this case than we anticipated, as also announced in “Announcement of schedule change for agreement with SEIKO for the global strategic alliance including transferring the partial ownership of its subsidiary (Progress report)” dated January 31, 2013.

The aforementioned examination was duly completed earlier this month and both parties agreed to close the deal on the date above.