Damsan Yarntex Joint Stock Company (HOSE:ADS) announced a private placement of not more than 5,000,000 shares at an expected price of not lower than VND 17,000 per share on March 25, 2017. The common shares will have restrictions for one year. The number of shares expected to be issued will be decided by the board of directors. The transaction for shares is expected to close in 2017. The transaction has been approved at the Annual General Meeting 2017.