Pham Van Dan Duy agreed to acquire an unknown minority stake in Real Estate 11 Joint Stock Company.

Real Estate 11 Joint Stock Company (RES11) is a Vietnam-based company operating in the construction industry. The Company is involved in the construction of apartment buildings, office buildings, housing units, hospitals, schools, commercial centers and other institutional buildings. It is also active in real estate operation and development, as well as the provision of real estate-related services, such as auction, consultation, evaluation, brokerage, advertising and management. Moreover, it trades construction supplies and fixtures. In addition, the Company is engaged in the offering of interior decoration services and architectural services. The Company is a 60%-owned subsidiary of Saigon Real Estate Corporation (RESCO).