Dai Viet Paint Group Joint Stock Company (HNX:DVG) agreed to acquire 94.74% stake in DVH Group Joint Stock Company from Bui Van Ky, Le Anh Tai, Vu Thanh Tung, Nguyen Minh Hai and Viet My Petroleum Joint Stock Company for VND 90 billion on June 15, 2023. Dai Viet Paint Group will acquire 9 million shares at no more than VND 10,000 per share. The transaction will be financed through capital withdrawal at Hung Dai Nam Group Joint Stock Company.

For the year ending 2022, DVH Group generated net revenues of VND 67.3 billion and profit after tax of approximately VND 500 million. The transaction was resolved by the Board of Directors of Dai Viet Paint Group and is expected to complete in quarter three - quarter four of the year 2023.