Saigon - Hanoi Securities Joint Stock Company (HNX:SHS) agreed to acquire SHB Securities Joint Stock Company for approximately VND 120 billion on December 29, 2017. Saigon - Hanoi Securities Joint Stock Company will issue one share against 2.78 shares of SHB Securities Joint Stock Company. Saigon - Hanoi Securities Joint Stock Company will issue 5.4 million shares as consideration. Post completion SHB Securities Joint Stock Company will stop its operation and will be merged with Saigon - Hanoi Securities Joint Stock Company. The Board of Saigon - Hanoi Securities Joint Stock Company approved the transaction. On March 23, 2018, State Securities Commission of Vietnam approved merging SHB Securities JSC into Saigon - Hanoi Securities JSC. The transaction is expected to close in first quarter of 2018.