Spilit Stone Joint Stock Company (HASTC:SPI) agreed to acquire Quoc Bao Environment Joint Stock Co for approximately VND 57.7 billion on December 12, 2013. Spilit Stone Joint will issue 10.1 million shares to acquire 2.89 million shares of Quoc Bao at 1-for-3.5 ration (1 Quoc Bao Environment share for 3.5 Spilit Stone Joint Stock Company shares). After completing the share swap, Spilit Stone will re-organize Quoc Bao Company into One Member Co., Ltd. whose 100% capital is owned by Spilit Stone, or establish a branch or operate Quoc Bao Company under other forms in accordance with the law.

In case changing to One Member Co., Ltd., Quoc Bao Company will no longer exist when the One Member Co., Ltd is established. The transaction was approved by the Board of Spilit Stone Joint Stock Company. The deal was approved by shareholders of Spilit Stone Joint Stock Company on April 29, 2014.

The transaction is expected to complete in first quarter of 2014.