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foreign [Music] I would like to broadcast you know Sans Logistics radio today I would like to talk about contetsu ghd completes Tob for contetsu World Express kintetsu group Holdings ghd announced on July 6 that Tobe tender offer it had conducted for kwe kentesu World Express had been completed kwe will become a Consolidated subsidiary of contetsu ghd and is expected to be delisted the company aims to grow its corporate business as Corona pandemic and declining population along the railroad line make it difficult to grow the railroad business and Leisure related businesses in May the vice president of contetsu ghd stated that the aim of Tob was to develop and strengthen businesses that are not affected by the movement of people kwe will become a Consolidated subsidiary of contetsu ghd on July 12th while contetsu ghds revenues are mainly from consumer-oriented businesses such as railroads Leisure and distribution the company intends to increase the ratio of sales to corporate customer