Song Da No 9 Joint Stock Company agreed to acquire remaining 44.77% stake in Song Da 9.01 Joint Stock Company for VND 10.9 billion.
The completion of the transaction is subject to approval by Song Da 9.01 shareholders and Song Da No 9 Joint Stock Company shareholders. The deal was resolved by the Board of Directors of Song Da No 9.01 on September 12, 2013. The transaction was approved at the annual general meeting of shareholder's of Song Da No 9.01 on October 16, 2013. Post acquisition, Song Da 9.01 will cease to exist. As of October 18, 2013, the transaction is approved by the Song Da No 9 Joint Stock Company shareholders.