Vietnamese Thành Thành Công Investment JSC has bought 35 million shares in its sugar manufacturer Thành Thành Công - Biên Hòa JSC (SBT).

As a result, Thành Thành raised its ownership to 158.5 million shares, an equivalent of 32 percent of SBT’s capital.

Shares of SBT were trading at around $0.90 on the Hồ Chí Minh Stock Exchange during the acquisition time.

This put the transaction value at over 750 billion Vietnamese dongs ($32 million).