Licogi 16 Gia Lai Investment Renewable Energy Joint Stock Company announced that it will issue 20,217,610 shares of par value, VND 10,000 at a price of VND 10,000 per share for gross proceeds of VND 202,176,100,000 on September 8, 2021. The transaction will include participation from returning investors, Licogi 16 Joint Stock Company for 19,611,082 shares, Licogi 16 Investment Renewable Energy Joint Stock Company for 404,352 shares and Bui Duong Hung for 202,176 shares to retain their stakes of 97%, 2% and 1% respectively. The transaction has been approved by board of directors of Licogi 16 Joint Stock Company.