Duc Long Gia Lai Public Works Service Development and Investment Joint Stock Company (HASTC:DL1) agreed to acquire 96.02% in Tay Nguyen Mineral and Metallurgy Joint Stock Company for approximately VND 120 billion on June 3, 2015. Under the terms, Duc Long Gia Lai Public Works Service Development and Investment (DL1) will issue 12.1 million shares for 12.1 million shares of Tay Nguyen in the exchange ratio of 1:1. In a related transaction, Duc Long Gia Lai Public Works Service Development and Investment Joint Stock Company (HASTC:DL1) will acquire 96% in Duc Long Gia Lai Wood Processing Joint Stock Co. and will issue 3.36 million shares for 3.36 million shares of Duc Long Gia Lai Wood Processing in the exchange ratio of 1:1. DL1 will implement the additional listing and depositary at Hanoi Stock Exchange and Vietnam Securities Depositary Center. The shares that are refused to swap by shareholders of Tay Nguyen Mineral and Metallurgy will be cancelled.

The deal is subject to approval from State Securities Commission and shareholders of Duc Long Gia Lai Public Works Service Development. The deadline for receiving postal ballot is October 24, 2015. As on October 26, 2015, the Board of Directors of Duc Long Gia Lai Public Works Service Development and Investment Joint Stock Company approved the transaction. As on October 27, 2015, the shareholders of Duc Long Gia Lai Public Works Service Development and Investment Joint Stock Company approved the transaction.