Licogi 16.6 Joint Stock Company (HASTC:LCS) agreed to acquire Licogi 16.9 Joint Stock Co. for VND 18.2 billion in stock on March 16, 2012. As per the terms of the deal, Licogi 16.6 will issue 1.6 million new shares to interchange 2.5 million Licogi 16.9 shares at swap ratio of 0.64 shares of Licogi 16.6 for each share of Licogi 16.9. Licogi 16.9 Joint Stock Co. had profit after tax of VND 36 million by the end of the year 2011. As on March 30, 2012, the shareholders of Licogi 16.6 Joint Stock Company approved the transaction. The management board of Licogi 16.6 Joint Stock approved for issuing additional shares to swap with the shares of Licogi 16.9 Joint Stock Co. Viet Capital Securities Joint Stock Company acted as financial advisor in the transaction.