FCL Imperial Pte. Ltd. entered into a conditional sale and purchase agreement to acquire 70% stake in G Homes House Development Joint Stock Company from An Duong Thao Dien Real estate Trading Investment Joint Stock Company (HOSE:HAR) and other shareholders for VND 350 billion in cash on June 7, 2016. Under the terms of the agreement, FCL Imperial Pte. Ltd. will acquire 35 million shares and the consideration is subject to adjustments. An Duong Thao Dien Real estate Trading Investment Joint Stock Company (HOSE:HAR) and other shareholder will retain remaining 30% stake in G Homes. The transaction will be funded by Frasers Centrepoint Limited groups internal cash resources and external bank borrowings. Post completion, G Homes House Development Joint Stock Company will become a subsidiary of FCL Imperial Pte. Ltd. The transaction is not expected to have a material effect on the net tangible assets per share or earnings per share of Frasers Centrepoint Limited for the current financial year.