VNECO 1 Electricity Construction Joint Stock Company (HNX:VE1) announced a private placement of 3,000,000 shares of par value of VND 10,000 per share for gross proceeds of VND 30,000,000,000 on July 31, 2017. The transaction was approved at the company’s extraordinary general mandate 2017. Long Viet Investment Management Company Limited, Hao Dan, Viet Tu Investment Joint Stock Company, Xu Sheng, and Xu Xiu Li will subscribe to 1,710,000 shares, 450,000 shares, 450,000 shares, 180,000 shares, and 210,000 shares respectively. The shares issued will be subject to a hold period of one year. As a result of the transaction, the company's registered capital will increase from VND 30,000,000,000 to VND 60,000,000,000.