On March 14, 2019, GTNFOODS Joint Stock Company received the public tender offer from Viet Nam Dairy Products Joint Stock Company (“Vinamilk”) as follows:
- Buyer: Viet Nam Dairy Products Joint Stock Company (“Vinamilk”)
- Target company: GTNFOODS Joint Stock Company
- Number of shares owned by Vinamilk before trading: 5,788,470 shares (2.32%)
- Number of shares expected for purchase: 116,711,530 shares (46.68%)
- Expected owning ratio after trading: 49% of the total issued shares of GTN
- Expected bidding price: VND13,000/share
- Agent for purchase: Hochiminh City Securities Corporation.