Song Da No 2 JSC completed the acquisition of remaining 48.96% stake in Song Da Transportation Construction JSC.
The Board Of Directors of Song Da No 2 JSC and Song Da Transportation Construction JSC approved the draft of the merger contract. The general meeting of shareholders of Song Da No 2 JSC and Song Da Transportation Construction JSC agree to merge SKS into SD2. After the completion of merging, SD2 will reorganize from the form of Joint Stock Company into the form of One Member Limited Company 100% of charter capital owned by SD2. Kim Long Securities Joint Stock Company carries out the merging procedures in accordance with Enterprise Law, Stock Act and relevant legal documents.
Song Da No 2 JSC (HASTC:SD2) completed the acquisition of remaining 48.96% stake in Song Da Transportation Construction JSC (HASTC:SKS) on December 4, 2014. Song Da No. 2 JSC. issued 2.42 million new shares to exchange with shares of Song Da Transportation Construction JSC.