Vietnam Industrial & Commercial Securities Corporation announced a private placement of 34,133,300 common shares at a price of VND 10,000 per share for gross proceeds of VND 341,333,000,000 on February 9, 2022. The transaction will include participation from Thang Long Investment Group Joint Stock Company for 8,000,000 shares for an equity stake of 11.72%,, Dinh Viet Cuong for 1,000,000 shares for an equity stake of 1.46%, Hoang Thi Ngoc Mai for 1,000,000 shares for an equity stake of 1.46%, Nguyen Thai Uy for 3,000,000 shares for an equity stake of 4.39%, Do Thi Hai for 3,000,000 shares for an equity stake of 4.39%, Nguyen Trong Bang for 3,033,300 shares for an equity stake of 4.44%, Pham Thi Loan for 3,000,000 shares for an equity stake of 4.39%, Phan Thi Ngat for 3,100,000 shares for an equity stake of 4.54%, Le Thi Huong for 3,000,000 shares for an equity stake of 4.39%, Nguyen Thi My for 3,000,000 shares for an equity stake of 4.39%, Tran Thi Thuy Hang for 3,000,000 shares for an equity stake of 4.39%. The transaction has been approved in the extraordinary general meeting of shareholders 2022 of the company.

Post the closing, the charter capital of the company will increase from VND 341,333,000,000 to VND 682,666,000,000. The securities issued have a restriction period of one year. The transaction is expected to close in Q1 and Q2 of 2022.