Binh Thanh Import Export Production and Trade Joint Stock Company announced that it will issue 16,800,000 common shares at an issue price of VND 35,000 per share for gross proceeds of VND 588,000,000,000 on November 5, 2021. The transaction has been approved by the Extraordinary General Meeting. Post-closing, the charter capital will increase from VND 432,000,000,000 to VND 600,000,000,000.

The shares are subject to hold period of three year. The deal is expected to close in 2021, subject to approval from State Securities Commission of Vietnam (SSC).