Damsan Joint Stock Company announced a private placement of 15,000,000 shares at a price of VND 10,000 per share for the gross proceeds of VND 150,000,000,000 on September 16, 2023. The transaction will include participation from less than 100 investors. The transaction has been approved by the shareholders of the company and is expected to close in fourth quarter of 2023 after being approved by the State Securities Commission of Vietnam.

The shares issued under the offering are restricted to transfer 1 year from the ending of the offering.