Long Giang Investment and Urban Development Joint Stock Company (HOSE:LGL) agreed to acquire 16% stake in Rivera Ha Noi Joint Stock Company on May 5, 2019. Under the terms of transaction, Long Giang Investment and Urban Development Joint Stock Company shall acquire 0.96 million shares of Rivera Ha Noi. The transaction is subject to approval of Board of Directors of Long Giang Investment and Urban Development Joint Stock Company. As of May 5, 2019, the approval of Board of Directors of Long Giang Investment and Urban Development Joint Stock Company was obtained. Post completion, Long Giang Investment and Urban Development Joint Stock Company will own 4.02 million shares of Rivera Ha Noi. Accordingly, the ownership ratio will increase from 51% up to 67% in Rivera Ha Noi.