An unknown partner agreed to acquire 59.6% stake in Meco Electricity Development and Investment Joint Stock Company from Vietnam Mechanization Electrification & Construction Joint Stock Company (HOSE:MCG) on October 10, 2019. Vietnam Mechanization Electrification & Construction Joint Stock Company will transfer 2.68 million share. Post completion of the transaction, Vietnam Mechanization Electrification & Construction Joint Stock Company will hold 0.22 million shares in Meco Electricity Development and Investment Joint Stock Company representing 5% stake. An unknown partner cancelled the acquisition of 59.6% stake in Meco Electricity Development and Investment Joint Stock Company from Vietnam Mechanization Electrification & Construction Joint Stock Company (HOSE:MCG) on October 10, 2020.