On May 8, 2019, GTNFood Joint Stock Company stated that Tael Two Partners Ltd, one of the 2 major foreign stakeholders of the Company, has registered to offload its entire holding in the Vietnamese food Company. The Company stated that Vietnam Dairy Products Joint Stock Company (Vinamilk) eager for M&A with the Company to expand market share platinum victory targets higher stake in Vietnam's Vinamilk. The Company stated that the deal will pave the way for Vinamilk to acquire a larger stake in the ownership of Moc Chau Milk. The Company stated that if the deal went through, Vinamilk would increase its stake in the Company to 49 per cent. In addition the Company stated that 3 foreign funds agreed with Vinamilk's offer and after the divestment of Tael Two Partner, other 2 foreign investors may also offload their stakes in the Company.