Saigon Water Infrastructure Corporation (HOSE:SII) agreed to acquire 49% stake in Cu Chi Water Supply Joint Stock Co from Manila Water South Asia Holdings Pte Ltd and VIAC (No.1) Limited Partnership for approximately VND 310 billion on January 10, 2018. As part of transaction Manila Water South Asia Holdings Pte Ltd sold 15.435 million shares and VIAC (No.1) Limited Partnership sold 15.435 million shares in Cu Chi Water Supply Joint Stock Co. Saigon Water Infrastructure Corporation will acquire 30.87 million shares. The transaction will be funded by the proceeds after stock issuance of Saigon Water Infrastructure Corporation to existing shareholder. O'Melveny & Myers LLP acted as legal advisor to Saigon Water Infrastructure Corporation. As of July 25, 2019, Sai Gon Water Infrastructure board approved the transaction. Saigon Water Infrastructure Corporation (HOSE:SII) cancelled the acquisition of 49% stake in Cu Chi Water Supply Joint Stock Co from Manila Water South Asia Holdings Pte Ltd and VIAC (No.1) Limited Partnership on December 26, 2019.