Toyota Tsusho Corporation (TSE:8015) agreed to acquire a 35% stake in Northern Electricity Development and Investment Joint Stock Company No. 2 from Vietnam Construction and Import-Export Joint Stock Corporation (HNX:VCG) on November 17, 2020. As a part of transaction, Vietnam Construction and Import-Export Joint Stock Corporation will sell approximately 17.5 million shares in Northern Electricity Development and Investment Joint Stock Company No. 2. Post transaction, Vietnam Construction and Import-Export Joint Stock Corporation will hold 38.24% stake in Northern Electricity Development and Investment Joint Stock Company No. 2. Transaction was approved by shareholders of Northern Electricity Development and Investment Joint Stock Company No. 2.

Toyota Tsusho Corporation (TSE:8015) completed the acquisition of a 35% stake in Northern Electricity Development and Investment Joint Stock Company No. 2 from Vietnam Construction and Import-Export Joint Stock Corporation (HNX:VCG) on January 8, 2021.