Truong Thanh Real Estate and Construction Joint Stock Company (HOSE:TEG) agreed to acquire an additional 25% stake in Truong Thanh Quy Nhon Investment Joint Stock Company for VND 39.5 billion on October 25, 2018. As per terms, Truong Thanh Real Estate and Construction Joint Stock Company will acquire 2.5 million shares at VND 15,800 per share. Upon completion, Truong Thanh Real Estate and Construction Joint Stock Company will hold 50% stake in Truong Thanh Quy Nhon Investment Joint Stock Company. The transaction is approved by the board of directors of Truong Thanh Real Estate and Construction Joint Stock Company. The transaction is expected to close in fourth quarter of 2018. Truong Thanh Real Estate and Construction Joint Stock Company (HOSE:TEG) cancelled the acquisition of an additional 25% stake in Truong Thanh Quy Nhon Investment Joint Stock Company on October 25, 2019.