VNECO 3 Electricity Construction Joint Stock Company announced a private placement to issue 1,319,710 shares at an issue price of VND 10,000 per share for the gross proceeds of VND 13,197,100,000 on June 16, 2024. The transaction has been approved in General Meeting approved, authorized/assigned the Board of Directors to approve the plan to ensure the offering meets the regulations on foreign ownership rate is under applicable laws. The securities are restricted to a hold period of 1 year.

The transaction is expected to close in 2024 after receiving the Registration Certificate on the offering issued by the State Securities Commission. The General Meeting approved, authorized/assigned the Board of Directors to select and decide on the appropriate time for the implementation. The expected capital obtained from the offering is from Q3 of 2024 to Q4 of 2025, after the Company completes the offering and receives documents from the State Securities Commission on the report on the public offering results.