Viteco Vietnam Telecommunications Technology Joint Stock Company announced a private placement of 3,000,000 common shares at an issue price of VND 10,000 per share for gross proceeds of VND 30,000,000,000 on December 28, 2021. The transaction will involve participation from ITC Telecom Services Development Joint Stock Company for VND 18,000,000,000, Do Nam Anh for VND 8,150,000,000, Nguyen Van Dong for VND 2,300,000,000, Ngo Quang Vinh for VND 1,200,000,000, and Vo Anh Tuan for VND 350,000,000. The shares issued in the transaction will have a hold period of 3 year, post the closing of the transaction.

The transaction has been approved by the board of directors of the company.