Sai Gon Telecommunication & Technologies Corporation (HOSE:SGT) agreed to acquire 89% stake in Kinh Bac Investment Joint Stock Company for VND 26.7 billion on September 6, 2018. Under the terms, Sai Gon Telecommunication & Technologies will acquire 4.45 million shares of Kinh Bac Investment Joint Stock Company. Post acquisition, Kinh Bac Investment Joint Stock Company will be a subsidiary of Sai Gon Telecommunication & Technologies Corporation.