Japan Pile Corporation (TSE:5288) agreed to acquire 47.9% stake in Vinaconex-Phan Vu Concrete Joint Stock Company from Phan Vu Investment Corporation for approximately VND 100 billion on October 24, 2014. Under the terms of the deal, 13.06 million shares will be acquired. In a related deal, Phan Vu Investment Corporation plans to increase its investment ratio to 98.93% in Vinaconex-Phan Vu Concrete Joint Stock Company by solely subscribing capital increase by the end of October, 2014. Post-closing, Vinaconex-Phan Vu Concrete Joint Stock Company's name will be changed to Phan Vu Hai Duong Joint Stock Company by the end of October, 2014. For the year ended December 31, 2013, Vinaconex-Phan Vu Concrete had net liabilities of VND 7.3 billion, assets of VND 139.7 billion, net sales of VND 44.8 billion and net loss of VND 25.3 billion. The transaction was resolved by Board of Directors of Japan Pile on October 24, 2014. The planned share transfer execution date is November 2014.

Japan Pile Corporation (TSE:5288) cancelled the acquisition of 47.9% stake in Vinaconex-Phan Vu Concrete Joint Stock Company from Phan Vu Investment Corporation on October 24, 2015.