Hoaphat Textbook Printing Joint Stock Company (HNX:HTP) announced a private placement of 90,000,000 shares at a price of VND 10,000 per share for gross proceeds of VND 900,000,000,000 on October 30, 2020. The transaction includes participation for Trinh Ngoc Khanh for 4,400,000 shares, Hong Bao Ngan for 4,400,000 shares, Truong Hien Vu for 4,400,000 shares, Nguyen Thu Thao for 4,400,000 shares, Mai Le Hong Suong for 22,400,000 shares, Vo My Tien for 25,000,000 shares and Nguyen Thi Kim Hieu for 25,000,000 shares. The offering period is expected from fourth quarter of 2020 to first quarter of 2021. The transaction is approved by the board of directors of the company. The transaction is subject to approval from SSC. The transaction is expected to close in first quarter of 2021. The securities to be issued in the transaction will have a lock-up period of 1 year after issuance completion date.