Hoang Kim Tay Nguyen Group Joint stock company announced a private placement of 7,000,000 shares at a price of VND 10,000 per share for gross proceeds of VND 70,000,000,000 on November 30, 2020. The transaction will include participation from less than 100 investors including new investors Berlays Holdings JSC for 4,600,000 shares and 29.11% stake, Nguyen Manh Huynh,Nguyen Van Chech and Tran Minh Tu for 800,000 shares each and 5.06% stake each in the company.. Post the transaction the company charter capital will increase from VND 87,999,260,000 to VND 157,999,260,000. The transaction has been approved by the shareholders of the company in the general meeting of shareholders and by the board of directors of the company. The shares issued will be subject to a lock-up for a period of one year from the date of closing.