MBG Group Joint Stock Company (HNX:MBG) announced a private placement of 25,000,000 shares at a price of VND 10,000 per share for gross proceeds of VND 250,000,000,000 on August 12, 2020. The transaction will include participation from strategic investors including Aai International Co.,Ltd for 4,000,000 shares, Quang Ngan Vietnam Co. Ltd shares for 4,000,000 shares, Nguyen Thanh Vu for 3,100,000 shares, Tran Thi Hien for 3,500,000 shares, Tran Minh Tuan for 3,500,000 shares, Nguyen Trong My for 3,000,000 shares, Nguyen Viet Hong for 2,900,000 shares, and Le Dinh Tuan for 1,000,000 shares. The transaction has been approved by board of directors of the company. The shares issued are subject to restriction period for one year. The transaction is expected to close in quarter 3 of 2020 after the approval of state securities commission. Pursuant to the transaction, the charter capital of the company will increase from VND 430,952,000,000 to VND 680,952,000,000.