Pan Farm Joint Stock Company completed the acquisition of an additional 10.52% stake in Sao Ta Foods Joint Stock Company for approximately VND 130 million.

Pan Farm Joint Stock Company made a tender offer to acquire an additional 11.85% stake in Sao Ta Foods Joint Stock Company (HOSE:FMC) for approximately VND 140 million on December 12, 2018. Under the transaction, Pan Farm Joint Stock Company will acquire 4.8 million shares at VND 30,000 per share. Post transfer, Pan Farm Joint Stock Company will hold 18.1 million shares representing 45% stake in Sao Ta Foods. Tender period will run from December 12, 2018 till January 14, 2019. Pan Farm Joint Stock Company completed the acquisition of an additional 10.52% stake in Sao Ta Foods Joint Stock Company (HOSE:FMC) for approximately VND 130 million on January 21, 2019.