Pomina Steel Joint Stock Company announced a private placement of 10,604,038 common share at a price of VND 10,000 per share for gross proceeds of VND 106,040,380,000 on October 16, 2023. The transaction has been approved by board of directors of the company. The shares issued in the transaction is subject to transfer restrictions of 3 years from the date of closing the transaction.

The transaction is expected to close in the 4th quarter of 2023.