Thanh Cong Textile Garment Investment Trading Joint Stock Company (HOSE:TCM) made an offer to acquire 20.7% stake in Savimex Corporation (HOSE:SAV) for VND 24.8 billion on September 19, 2018. Thanh Cong Textile Garment Investment Trading made an offer for 2.8 million shares at VND 9000 per shares. Upon completion Thanh Cong Textile Garment Investment Trading will directly hold 20.7% and will indirectly hold 61.7% (41.02% through a related institute named Eland Asia Holdings Pte., Ltd).

The transaction has been approved by board of directors of Thanh Cong Textile Garment Investment Trading. The transaction will be implemented; 30 days after Thanh Cong Textile Garment Investment Trading has received written approval from the State Securities Commission. The transaction is expected to close in quarter 3-4 of 2018.

Viet Capital Securities appointed as an agency for conducting the tender offer by Thanh Cong Textile Garment Investment Trading. Viet Capital Securities Joint Stock Company (HOSE:VCI) acted as financial advisor for Thanh Cong Textile Garment Investment Trading Joint Stock Company.