Urban Development and Construction Corporation (HOSE:UDC) agreed to sell an unknown stake in QuangNam Water Draining Supplying Joint Stock Company for approximately VND 32.4 billion on October 25, 2013. Urban Development and Construction will transfer all of its 3.24 million shares it held in QuangNam Water Draining Supplying for VND 10,000 per share. The Board of Directors of Urban Development and Construction Corporation unanimously decided the deal and the Board authorized to sign the transfer agreement for the deal.