VNG Capital Fund wants to increase its stake in The Israel Land Development Company Energy Ltd (ILDC Energy) by investing an additional $5.7 million in ILDC Energy. This investment would increase VNG's stake in ILDC Energy from 9.33% to 11.5%. ILDC Energy said that it was considering VNG's request. VNG also asked to appoint an additional director to the ILDC Energy Board as part of the proposed new agreement. VNG invests in oil and gas exploration and mining ventures around the world.