Dang Van Long made a bid to acquire an additional 12.13% stake in LILAMA 10 Joint Stock Company (HOSE:L10) for VND 17.9 billion on February 17, 2020. The transaction will be structured as a public tender offer for 1.2 million shares at VND 14,900 per share. Dang Van Long owns 8.23% share in LILAMA and further represents 12% of L10’s charter capital. Post completion, Dang Van Long and the related person will own 33.03% in LILAMA. On February 17, 2020, the Board of Directors of Lilama 10 Joint Stock Company approved the public tender offer. On July 24, 2020, the Board of Directors of Lilama 10 Joint Stock Company approved the offer. Trading time of the offer is within 30 days to 60 days after the State Securities Commission approves the public tender offer in writing. Dang Van Long completed the acquisition of additional 12.13% stake in LILAMA 10 Joint Stock Company (HOSE:L10) on October 23, 2020.