Song Da Someco Joint Stock Company (HASTC:MEC) agreed to acquire Hoa Binh Someco JSC for VND 4.4 billion in stock on June 14, 2013. Song Da Someco will issue 0.735 million new shares to Hoa Binh Someco at an exchange ratio of 1:1. The Board of Song Da Someco approved the transaction on June 14, 2013 and the transaction is subject to approval of shareholders of Song Da Someco in a meeting to be held on June 30, 2013. The Board approved the draft contract on June 30, 2013 and a contract will be signed soon. The transaction is expected to complete in 2013.

As of September 23, 2013, Song Da Someco Joint Stock Company announced that it is delaying the acquisition of Hoa Binh Someco JSC. As on December 5, 2013, Song Da SOMECO Joint Stock Company announced issue of shares for exchange from December 12, 2013 and the shareholders of Hoa Binh Someco will start procedures for exchanging shares. Vietcombank Securities Co., ltd acted as financial advisor to Song Da Someco Joint Stock Company.

Song Da Someco Joint Stock Company (HASTC:MEC) cancelled the acquisition of Hoa Binh Someco JSC on June 14, 2014.