Hung Vuong-Mien Tay Aquaculture JSC agreed to acquire 58.33% stake in Hung Vuong-Vinh Long Co., Ltd from Hung Vuong Corporation (HOSE:HVG) for VND 35 billion in cash on January 11, 2013. As a result of the transaction, Hung Vuong Corp.'s stake in Hung Vuong-Vinh Long Co. reduced from 90% to 31.67%.

In a related transaction, Hung Vuong Corp. also divested its 90% stake in An Lac Co Ltd. and 58.33% stake in Hung Vuong Sa Dec Food Processing Plant from reduced the stake from 70% to 11.67% in Hung Vuong Sa Dec Food Processing Plant. The Board of Hung Vuong approved the sale on January 11, 2013.