City Auto Corporation (HOSE:CTF) agreed to acquire 57.8% stake in Auto Truong Chinh Joint Stock Company from Ngo Duc Dung for approximately VND 200 billion on January 11, 2019. Under the transaction, City Auto Corporation acquires 13.3 million shares at VND 15,000 per share. The transaction has been approved by the Board of Directors of City Auto Corporation.