Trustcard Joint Stock Company announced a private placement of 1,960,000 shares at a price of VND 10,000 per share for the gross proceeds of VND 19,600,000,000 on July 22, 2020. The transaction will include participation from returning investor Hung Viet Green Agriculture Joint Stock Company (HNX:HVA). Post the closing, the investor will hold 49% stake in the company. The transaction has been approved by the board of the directors of the investor.