Gia Lai Electricity Joint Stock Company announced that it will receive a round of funding on September 5, 2022. The company will issue preferred shares in the transaction. The transaction has been approved by the board of directors.

On December 9, 2022, the State Securities Commission (SSC) received the application for registration of the private placement of convertible dividend preferred shares. The company will issue 64,200,000 convertible preferred shares at a price of VND 10,000 per share for the gross proceeds of VND 642,000,000,000.