The PAN Group Joint Stock Company (HOSE:PAN) made a tender offer to acquire 49.9% stake in Bibica Corporation (HOSE:BBC) for approximately VND 530 billion on July 15, 2019. As per the terms, PAN Group will acquire 7.7 million shares at VND 68,500 per shares. The tender offer has been approved by the Board of PAN Group Joint Stock Company. Time of implementation will be from 30 days to 60 days after being approved by the State Securities Commission of Vietnam. Sai Gon Securities Incorporation acted as offer agent in the transaction.

The PAN Group Joint Stock Company (HOSE:PAN) cancelled the acquisition of 49.9% stake in Bibica Corporation (HOSE:BBC) on July 15, 2020.