Petroleum General Distribution Services Joint Stock Company (HNX:PSD) agreed to acquire An Lac Nhon Trach Joint Stock Company on May 20, 2020. Under the transaction, Petroleum General Distribution Services Joint Stock Company will acquire 2 million shares of An Lac Nhon Trach Joint Stock Company and will carry out a capital contribution for the purchase of shares. Vu Tien Duong will act as Chair of Board of Directors cum legal representative of Petroleum General Distribution Services Joint Stock Company at An Lac Nhon Trach Joint Stock Company. The capital contribution to purchase the stake was approved by board of Petroleum General Distribution Services Joint Stock Company. Expected date of completion of procedures for capital contribution to purchase of shares is June 2020.