Heng Leasing and Capital Public Company Limited agreed to acquire 75% stake in S68 Capital Investment LLC from Nguyen Thanh Hien and Hoang Van Hung for VND 4.3 million.

Heng Leasing and Capital Public Company Limited (SET:HENG) agreed to acquire 75% stake in S68 Capital Investment LLC from Nguyen Thanh Hien and Hoang Van Hung for VND 4.3 million on October 3, 2023. The acquisition will be funded from the working capital. Board of directors of Heng Leasing and Capital approved the transaction in its meeting held on October 3, 2023.

The transaction is conditional upon S68 Capital receiving related approval and operational license in connection with its business from the relevant government authorities of Vietnam and may continuously operate its business, sellers agree to take responsibility for any liabilities related or associated with S68 Capital that exist or occur prior to Heng Leasing's acquisition of S68, no events or actions that may have significant adverse effects on S68 or prevent the acquisition of the capital contributions in S68 and no amendments to the law, announcements, regulations, orders or guidelines that would prohibit the parties from being able to proceed with the transfer and acquisition. The transaction is expected to close within March 2024.