Long Hau Corporation (HOSE:LHG) agreed to acquire 34% stake in Ho Chi Minh City Public Lighting Company Limited for approximately VND 130 billion in cash on April 12, 2016. Under the terms, Long Hau will acquire 9.66 million shares at VND 13000 per share. The transaction was approved by the Board of Directors of Long Hau Corporation. Long Hau Corporation (HOSE:LHG) cancelled the acquisition of 34% stake in Ho Chi Minh City Public Lighting Company Limited on April 12, 2017.