PSA Cargo Solutions Vietnam Investments Pte Ltd. made a public tender offer to acquire an additional 5.1% stake in South Logistics Joint Stock Company (HOSE:STG) on June 20, 2023. As reported, PSA Cargo Solutions will acquire 5,010,921 shares in South Logistics Joint Stock Company. Following the transaction, PSA Cargo Solutions will increase its stake in South Logistics Joint Stock Company from 24.9% to 30%.

On August 21, 2023, South Logistics Joint Stock Company received the dossier of registration for public tender offer of STG shares from PSA Cargo Solutions Vietnam Investment. The Board of Directors of South Logistics Joint Stock Company approved to allow PSA Cargo Solutions to acquire the shares in a resolution dated June 28, 2023.