Hung Vuong Corporation (HOSE:HVG) made an offer to acquire an additional 12.5% stake in Sao Ta Foods Joint Stock Company (HOSE:FMC) for VND 60 billion on April 7, 2015. Under the terms, Hung Vuong Corporation made an offer to acquire 2.5 million shares at VND 24,000 per share. Hung Vuong Corporation already owns 7.5 million shares representing 37.5% stake in Sao Ta Foods Joint Stock Company.

The transaction will be funded from working capital of Hung Vuong. The offer lasts from April 9, 2015 to May 9, 2015. State Securities Commission has approved the transaction.

Viet Capital Securities Joint Stock Company acted as tender offer agent.