Hoang Minh Finance Investment Joint Stock Company announced a private placement of 47,269,231 common shares of par value of VND 10,000 per share at an issue price of VND 13,000 per share for gross proceeds of VND 614,500,000,000 on June 20, 2022. The transaction will include participation from VN Stock Joint stock company for VND 22,500,154 and 20.81% stake, VN Value Joint Stock Company for VND 23,634,615 for 21.86% stake, and Lin Yi Hoang for VND 1,134,462 for 1.05% stake. The transaction has been approved by the board of directors of the company.

Post the transaction, the registered capital of the company will increase from VND 608,672,410,000 to VND 1,081,364,720,000. The shares are subject to a hold period of one year from issuance. The transaction is expected to close 2022, after being approved by the State Securities Commission of Vietnam.