Appirits Inc. (TSE:4174) agreed to acquire Bunbu Joint Stock Company from Le Van Nghia, Nguyen Nam Ha and Vu Thi Minh Hoa for VND 35.4 billion on August 29, 2025. As reported, cash consideration of VND 25,634 million will be paid for Bunbu common shares and in addition, an earn-out of up to VND 9,787 million will be paid depending on the performance achievement level from the fiscal year ending December 2026 to the fiscal year ending December 2027.

For the period ending December 31, 2024, Bunbu Joint Stock Company reported total revenue of VND 15.51 billion, operating profit of VND 6.36 billion and net profit of VND 6.03 billion. As of December 31, 2024, Bunbu Joint Stock Company reported total assets of VND 23.91 billion and total common equity of VND 22.38 billion.

The expected completion of the transaction is November 2025.