Song Da No. 11 Joint Stock Company (HNX:SJE) agreed to acquire To Buong Hydropower Joint Stock Company on January 16, 2018. The consideration shall be paid through issuance of shares of Song Da No. 11 Joint Stock. As of January 16, 2018, shareholders of Song Da No. 11 Joint Stock were consulted to approve the transaction. As of March 14, 2018, board of directors of Song Da No. 11 Joint Stock resolved in favor of the transaction.